If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

Anyways, I passed my exam in November 23', submitted my initial application December 23' and went back and forth for almost 3 months.

But if there is ample room in the bedroom and you can take a single sink to double vanity, or add a dedicated water closet, or take a 3x3 shower into a 3x5 or larger, making the bathroom more luxurious, than I could see a good ROI on that.While the area may be very nice, the price point you are talking (and I don't know the specific market) is borderline starter home prices.  

Hi, I've performed a few 1031's and had to pay initial fees.

You should consider looking into the Memphis market.

Without knowing too much about the specific market (although it does appear Monterey and Santa Cruz are holding pretty strong) it may be worthwhile to consider selling if values are holding. 

Hi Joshua,Im sure you are a wealth of information in the RTP market!!

You might want to ask this specific lender, as they already made the initial loan.The construction loan is not recorded on the land? 

I've been a real estate investor for 3 years, at first it was going to be buy and flip but I re-evaluated my markets and changed to rent and hold.

Danville is a rough market, very economically depressed.