Before cash refi, my payment was only $1990should I sell this property or increase value by adding Adu?

Hi, MLO and investor looking to sell one of his investment properties in GA.

In Alabama, they sell over the counter Tax Liens and Deeds.  

If you sell at a profit there are tax advantages.

We want to build a home on the other lot to live in - not to sell.

Is there a way to sell a property across two tax years instead of one? 

This has me wondering that perhaps it isn't always about the specific city you choose but more so the experience you build, market, and sell.

Listings are now selling for roughly 95% of their list price on average.

They were ONLY going to sell the “contract”. 

My Strategy:- Buy with primary goal of renting in the future- Live-in flip for the first 1-2 years to build equity and increase potential rental price Exit Options:- Refinance and rent the property, using equity and savings to buy again, move in, and repeat- Pull equity that built due to small renovations done over 1-2 years and purchase another property w/ intent to rent, staying in this first one- Sell/1031 (thanks to forced appreciation from reno)Will this work regardless of the asset being a townhome or SFH, or am I missing something?