Most commercial properties are more dangerous than Hotels but the previous business, it's density, and location will matter more in the future. 

Dangerous, unprofessional.

What’s the smart play or the dangerous play.

Prices are high rents are pretty high still and real estate has been hot for awhile so deals are fewer and further between.

The buyers are still out there, but the properties are far fewer.

What you're talking about doing is what we would call a "consolidation" exchange - selling several properties to consolidate into fewer more expensive properties.The key to this is going to be the timing of your sales. 

While construction workers have been classified as "essential workers" in most areas of the country, regulations still require fewer people per crew, dragging out construction times.

If you want that tax-defferal, you have 135 more days to close on it.Being extreme, if you told the listing I only have NOMINATED ONE property and it's yours and I need to close if I want the tax deferral, he knows you have fewer options.If you select 3 properties, you have more, but still only 3 vs, an unlimited number BEFORE the NOMINATION.If I'm a buyer, unless info like that is required, it's need-to-know.  

Four bedrooms are tough just because there are going to be a lot fewer properties to compare yours too, as I'm sure you're aware of.

Fewer tenants for us = no cost to turn the property and less fees to pay property management for lease renewals.