Presenting the projections and future income matched with existing leases or rent rolls on a property has worked.

We are now looking at our 2nd property and quite like one in the Ithaca area (about 25 mins from our existing; helps us keep the same team). 

A 1031 exchange wouldn't solve anything, because we're looking to remodel an existing residence, not buy a new property.  

And can my existing LLC be the half owner of that new LLP or LLC?

But does that mean they don't exist out there?

We had to make repairs due to significant dry rot damage around the windows, replaced half the siding (we were able to match existing), and then we also upgraded the electrical and plumbing.

I'm waiting to hear back from the County Zoning Department to gather more info on potential uses and confirm that it is SFH ready but in the meantime, I'm wondering if anyone has advice on the following: 1) Should I be concerned about the existing trailer and barn (and possible need to remove those?) 

Not to say it doesn't exist. 

What happened to this section of foundation wall on the old plans that doesn't see to exist today?

Another option is look for capital improvements on your existing properties.