Again I will be able to see that now that the snow has melted enough to see.Its on a crawl space, I would rather have a basement.

Obviously, there's not a lot of upside on additional lease-up (assuming some options on space and almost full), so additional gains are going to have to come from rent increases and appreciation.. wow.

He can easily rent space at a storage facility for both of these things.

I was just cold-called by Verizon asking to lease them space at an industrial building I own in the Phoenix, AZ area for a cell tower.

It has excellent airline access, a temperate climate and a limited amount of space available.

If not  I would agree with Miriam about looking at open houses to get ideas   One question on your re-hab. my 70s era house has a very closed floor plan, so if I do re-hab  it would probably mean opening up some walls to open up the space.  

I expect my net proceeds to be between 800k and 1+million depending on sale price of my space in LA.

I also agree with @Doug Merriott that there is a buyer / renter for every home, The first home that I bought was a 2/1 with a Florida room (900 SQ FT) that was in 2003 when I was a single guy, after two years, adding a wife and a baby we wanted more space. 

why cant you just cut some space into the counter area to put in a dish washer?

I'm proof up by my lender to do my first investor so I'm the exit buyer, and my best friend found a great deal at $22/sqft on a home that's 4000 sqft of living space, and place the home under contract with an option to assign.