1031 Exch $2M Rental Property with 5% Gross Yield to High-Yield Opportunities

[Li Li]

I am considering a 1031 exchange to transition from a rental property with a 5% gross yield to investments in areas like Georgia or North Carolina, aiming for higher returns. Seeking Advices and suggestions on what type investment is the best

Multiple Single-Family Rentals: Diversifying into several single-family homes can spread risk and potentially increase returns.

Multifamily Properties: Investing in duplexes, triplexes, or larger apartment complexes can offer higher yields and economies of scale.

Specialty Properties (e.g., Event Venues): Purchasing a property like a ranch for hosting events is possible