Even for E Oakland, this is not worth recreating and refinishing.

It has the County owned Lake Gregory which is popular and open to anyone for swimming, fishing and non-motorized recreation. 

Also does anyone have experience in breaking and recreating their basement floors?

We have a lot of success renting our New Orleans property to Tulane graduate students and are hoping to recreate this business model with Carnegie Melon.

Economies that are relatively new and/or heavily based on tourism/recreation or other industries that rely on disposable income.Other than my NYC example above, why do you think supply will increase once we're on the other side of COVID?

It has monthly recreation visits going back to 1979.

@David Arsene, we are in the beginning stages of building a 2bd,w2ba ADU with and attached recreation/storage room (for the primary house.

But since there are plenty of ways to get your medical weed or recreational weed in forms other than smoking you are not contradicting state laws. 

We use the following addenda with all leases:Asbestos DisclosureBed BugsLead-Based Paint DisclosureMold and VentilationSmoke Alarm & CO DetectorPlumbing (how not to clog up your plumbing, resident will be charged if we come to snake a clog and the clog was caused by anything other than toilet paper or organic material)Estimate of costs of certain items they'd get charged for out of their deposit at turnoverPest ControlAppliancesThe following addenda are included with leases on a case-by-case basis:Refinished Surfaces Care & Maintenance InstructionsCondominium/PUD (who the HOA is, whether resident has been provided with a copy of CC&Rs & Rules & Regulations)Fireplace Addendum (decoration-only, clean-burning logs only, gas, etc.)Landscaping (resident responsible to water, owner pays for gardener)Parking (only used if resident pays for an additional parking spot/storage/garage)PetPool/SpaSatellite/DishHardwood Floor Care & MaintenanceLastly, due to the recent legalization of marijuana in CA, we are sending out a Smoking Addendum to all residents specifying that smoking both medical and recreational marijuana are prohibited by the no-smoking clause in our lease agreement, as well as e-cigarettes and vaping devices.

Since I've done over a 1,000 SF deals which included every type of property from Single family to industrial and recreational, I can assure you that a 1030 is not always the answer since your exchange needs to be "like kind properties" Very good points made above, but consider this: If your LLC owns the property and you sell the membership in the LLC, to any degree, you have a different ball game.