I enjoy hearing about peoples’ personal wins and innovative, creative strategies.  

Prioritize stable cash flow, good location, and manageable property condition, while considering strategies like gradual rent increases, expense reduction, and value-add improvements to enhance returns.

It’s an invaluable resource for figuring out the best strategies for your goals.

If yu claim one it doesn't void the option to claim the other one.Provided you meet the IRS requirements for both, as a tax strategy, you could complete exclude a portion of capital gains under Section 121 and then defer the remaining capital gains under Section 1031 (@Dave Foster is a great resource for 1031 exchange). ..

For an investor that is looking to create wealth and keep doing what they are doing this is a great strategy.  

Best bet is to carefully analyze the zoning maps and regulations or just call the town and ask.

Send me a message, happy to chat on my strategy

Or is it better to utilize different strategies?

This is the best strategy for LA.

In my opinion, that is a riskier bet because you have to have a big pile of cash for contingencies.