My goal is to learn every day.Search Niches1) Mis-configured homes: Large living area, but too few bed or baths.2) Lots that are Just under the minimum for subdividing.

What is slightly confusing is that these questions need to be asked of any property and the fact that this particular property is the product of a past 1031 exchange is irrelevant.Before you improve any part you will need to know applicable zoning and municipality specific governance regulations and any associated legal changes to configuration you will need to make to execute your plan.The fact that this was once  a 1031 exchange only means that past basis has been carried forward and is apportioned specifically and these allocations may need to be carried forward if the property is improved and later sold at some point as a different configuration than was exchanged into.Whether the 1031 was into one or several parcels is irrelevant to your ability to improve, combine, or divide them.  

Remember: The 1/1 configuration has a very limited appeal, aka not useful for families.

On those the configuration is such that the permitting & construction cost could be as low as $25k - $40k.

I purchased a property in Torrance with a 700 sqft “hobby room” that was configured (wall for bedroom, wall heater, bathroom, faux kitchen, new drywall and recessed lights, etc) as an apartment by previous owners.

Hi,currently e-mails can be configured per province only. 

You could definitely run 1 outdoor unit, but you will need a few indoor units, depending on the apartment's configuration.

The configuration is all 2BR units and it's at 80% occupancy with an appraised value of $310,000.

You don't know for sure what you will be allowed to build there.What is the size configuration of your lot you are looking at?

Perhaps they are trying to re-configure something to their needs and wants.