Hey Sophia,It seems like you’re trying to decide between keeping or selling your rental properties.

Try to make a goal of buying 1-2 properties each year.

NYC property values are increasing at or above the national average (4%).

Only the PMC is continuously connected with you until you sell the property.

Maybe attend a chamber of commerce meeting and ask around where development will start.

.: My first investment property happens to be my first home purchase, so my questions are hopefully basic for anyone experienced here.

Quote from @Robin Cornacchio: Can you use a 1031 exchange on a SDIRA owned investment property? 

Unfortunately, this reassessment is unavoidable, so you’ll need to evaluate whether transferring the property is worth the potential tax increase.If a Transfer Is Not Feasible:If the potential property tax increase makes the transfer impractical, an alternative option is for your father-in-law to secure a Home Equity Line of Credit (HELOC) on the property.

You generally have to leave 25% equity in an investment property.

I wanted to share my situation and get some advice.I currently own an apartment in a highly developing area in Guaynabo, PR.