Looking to 1031 out of the California market

[Jason W.]

Hello BP! I am located in Southern California. In order to take advantage of the current market, I am deciding whether to sell my SFH Southern California property I bought in 2014 and do a 1031. As you know, the California market is saturated and is very difficult to get good positive cash flow. If I do decide to 1031, I would like to look for high growth opportunities (residential or commercial) in other states. I haven't done thorough research yet but a few options that I looked into are: Philly, Memphis, Nashville, or Austin.

Any suggestion is appreciated!