Since I am limited on funds I intend on going to the house in person and talking with the owner.I would offer them the amount to be settled + $5000 cash to help them personally, in exchange for ownership of the property.

Putting more debt on a property that is a potential problem just adds to your problems.If you find that you'd ultimately rather sell the property and find an investment property with better potential, a 1031 exchange could be a good option to make use of all that equity and reinvest into something better.This would allow you to defer all of the tax you would normally pay and reinvest it into another investment property/properties and scale into better real estate and markets.One other question that might make a significant difference: Have you lived in that house for 2 out of the last 5 years?

But the whole point of exchanging is to defer your gains over and over again.

Quote from @Dan Ward: Just looking to hear thoughts on fractional real estate.Great topic — fractional real estate is one of those trends that’s reshaping how people enter the market.From a tax and strategy standpoint, I see both sides:It’s a great way to diversify and access higher-value assets with lower capital.But you trade off control, tax benefits (like depreciation or 1031 exchanges), and decision-making flexibility — since most fractional structures are treated like securities or syndications.If your goal is passive exposure, it can be smart.

However, all the conversation about mortgages has also made some buyers continue to hold out in hopes of a rate miracle.Buyers are more selective than ever, wanting extra amenities in exchange for today's high market prices.

A 1031 exchange only works if you rent it out first, which adds complexity.Financing Options: Using a HELOC and land loan is fine if you have reserves and a clear exit. 

If there is anything I can contribute or offer in exchange for some knowledge I am more than happy to chat and meet!

If you're not aware, the Canadian stock market that was already doing well has gone parabolic thanks to the trade war rotating mountains of foreign cash into undervalued Canadian stocks (relative to the US).At the same time the real estate market particularly in Ontario and BC has crashed.

Does the foreign government sign the lease instead of the individual tenant?

The quote i received was for a triplex. trying to determine if I should sell my other rental property and put the money in a 1031 exchange until I am ready to build or just pay down my original investment and just get a HELOC so I can keep both rental properties Hey @Danny Santana!