All your financial questions should be addressed by a professional financial planner before you talk to a Mortgage Lender as they will use it to their advantage, not yours.

Start off with Google, but it may be worthwhile speaking with any or all of the following people:Financial planner - if appropriate, may be able to help plan on your short-term and long-term goalsGeneral contractor - will be able to provide an estimate of costs associated with rehab of your current propertyAccountant - may provide tax consequences for either rehab or 1031 exchange1031 exchange company - will detail the process of correctly performing a 1031 exchangeReal estate broker - will help you sell your current property and locate an appropriate replacementThat said, depending on the location and details of your property, it may be a good time to sell.

Those opportunities can be value adds. you can always check with city / county planners and see what the trends are for the area .

It will likely be a good forum to express opinions to the city planners. 

Just as a CPA or Financial Planner is hired for his expertise, a commercial real estate agent knows the nuts and bolts and all the nuances of commercial deals.   

I was a Certified Financial Planner for over 15 years.

I worked under 3 Certified Financial Planner's for over 4 years and want to help folks diversify their portfolio's.  

No more new ones, actually, most cities want them out for various reasons, bad properties, higher land use, more taxes...they just aren't high on the economic development list or a favorite for city planners.

I also beleive God gave us all  different personalities....we can't all be extremely outgoing, some need to be the deep thinkers and planners, etc....so knowing my strengths and weaknesses I just think I 'll go with my strengths and compensate with help from others on my weaknesses.

House hacking at its finest : )6.Just FYI- Long Beach ranked 8th nationally among the 100 largest US cities in month-to-month average rent increases and y-o-y from 2016 to 2017 with a 7.8% increaseI’ve contacted multiple planners from building and safety and have gotten the green light that a rear unit can be added as long as it passes through historical commission (yes I know this can be a headache) and as long as it meets parking requirements.I currently have a short and sweet background in real estate appraisal for tax purposes but not so much for real world investing that have real ramifications.