Ideas for 1031 exchange

[Seema Rai]

Hi there! Am looking to do a 1031 exchange from New York to Austin, as we love the area! We are looking to invest 450 to 500K (equal or higher value from our relinquished property). Our real estate agent showed us brand new single family homes in Round Rock, Leander and Georgetown, however property taxes/HOA seemed high and rents low. Am dubious whether we would cash flow anywhere close to the 1% rule. Curious as to your thoughts on where would be a good investment with this amount of capital - SFH/MFH? Neighborhoods with lower property taxes? Thanks!