As for vacation homes, demand is down due to a decrease in travelers over the past year, BUT, with Disney rolling out 3 of the company's largest expansions in the next 18 months, there should certainly be a significant increase in demand.

It all depends on what your needs are.If you decide to take the lump sum by selling, you will have a much larger fund for portfolio expansion if that is your goal. 

For an alteration we did in Garner, the permit explicitly said "ALTERATIONS ONLY, NO EXPANSION."

I'm not in real estate, but after our last expansion, I felt like I was.

Like you I never thought much about Reno area until I started hearing murmurs of its expansion aspirations.  

There were expansions done back in the day without permits.  

That is a very impressive portfolio, do you have a particular type of commercial property you're targeting for your expansion?

Let's geek out a little and look at new development from the point of view of an economist.First of all, real estate is cyclical and typically, there is a period of expansion in inventory (period of new construction) after the recovery of a crash before you enter the "oversupply" phase and back into another recession. 

The walls are being pushed in from expansion of the clay ground.

Suspected a very slow leak of refrigerant somewhere, did nitrogen test, even injected dye etc....couldn't find it Finally I spoke to the owner, he came out himself, within 20 minutes he found the issue, an expansion valve that had gunk buildup partially clogging the line causing the appearance of lost pressure and leaked refrigerant.