Looking for a market to park 1031 funds (Multi-family or STR)

[Ethan G Stine]

Hi all,

I am looking for some advice on where to invest my proceeds of about 200k (down payment) from a 1031 exchange of a SFH in my market of California. I am wanting to park it in a cash-flowing market. I have some minimal experience with Short-Term Vacation rentals that I would like to expand on. Also, I am open to parking the money in a cash-flowing multifamily. I am looking for some market suggestions or resources where I can go ahead and analyze those markets. I have been so head down in my own market that I have not ventured off.

Any suggestions of markets would be greatly appreciated. I am looking in the 800k-1.1MM range. 

Thank you in advance!