Most people will tell you that your second choice can't be done, but the IRS has issued two (2) Private Letter Rulings on point where they did allow the taxpayer to build on property they already owned through a 1031 Exchange. 

I would be shocked if you evaluated this property honestly if it would be a high choice for a rental. 

I'm pretty new to the real estate investing game but obviously looking to gain the skill and knowledge to eventually build an empire. :)I am a clean, quiet, and respectful person and looking for the same while rooming together for these few days.I live in Vegas but originally from SoCal.

Though not cheap, Perrysburg has seen consistent appreciation, making it a good bet for long-term growth.Investing $100K+ in Toledo:If you're putting $100K+ into one property, Ottawa Hills and Perrysburgwould be top choices for appreciation-focused investments.

This deal highlights our efficient turnaround strategy, leveraging market knowledge and partnership to achieve a solid profit within a short timeframe.

However, if you’re committed to a specific suburban area, working closely with a local agent who knows the market well could be invaluable.Working with an Agent: Starting with a knowledgeable agent in your chosen market can definitely help streamline your efforts and prevent that analysis paralysis.

Especially with the wealth of knowledge available on this forum, take what's been done and use that to do it better.

This is a great way to find deals and share your knowledge with others.Stay Informed: Keep an eye on market trends in Central New Jersey.

SFH can have more value add options and choice of area to buy.

Would love to to connect and knowledge share if you are interested.