What does my return look like in that case?

Have had it happen in personal houses before, it was usually due to humidity in cities with high, high humidity. 

@Jonathan Orr  My husband and his partner were also “referred” to this lender, as well as another highly sus lender by a self proclaimed “creative finance real estate investor”.  

Purchase price: $485,000 Cash invested: $10,000 High Visibility Corner Retail Location. 3800 sq ft, 2 story building.Potential NOI valuation (after repairs, finishing) = $1.4MDue Diligence happening now, seeking Qualified Cash Buyer

I'm looking to invest the extra money into high cash flowing assets to take some pressure off.

That said, should I do the 1031 exchange and look for a property that would get me a better return?

I would be eliminating bad debt and high interest credit cards that I had to use to do some repairs. 

Average highs of 90 with an average low of 40; versus a location average high of 85 with an average low of 70.C.

I would propose re-investing all of the proceeds in additional properties in Cleveland, Ohio or Columbus, Ohio, in which it seems like you are highly likely to secure additional windfalls, after which you will own the majority of properties in Cleveland, Ohio or Columbus, Ohio.

Because you don't have a plan.I only recommend selling a property if you have a place to put the money and produce a greater return, or if selling moves you closer to your goals.