If you're negative can flowing property is going to appreciate, then it may make sense to hold on.A loss is still a loss, and I would not hold onto a deal because I'm getting a write-off.

Given your solid portfolio and debt position, this strategy makes sense without over-leveraging.

Now it makes sense why there is such a wide range of costs associated with turnovers.

I'm an investor in NJ, mostly in North Jersey but very difficult to grab multi families, anywhere south of Monmouth county there is more inventory and have a better chance of landing something that makes sense. 

Whether any of these options make sense will be determined by your use-case.

I guess building in phases helps to mitigant some of that risk but at the same time while you have land being moved and foundations/roads being poured it seems to make sense to do quite a bit at the same time?!

If you want to be within driving distance, CA still may make sense. 

So, I don't think procuring cause applies here at all UNLESS they were using the OLD outdated no longer used Nonexclusive agency agreement but that wouldn't make sense because they talked about "cancelling" it which with a Nonexclusive agreement makes no sense.

House hacking makes complete sense from what you said.

In order for it to make sense you should atleast get a 11% return on that money.