Also, make sure you thoroughly research rental demand and average rents in the specific area of Miami you’re considering.

This is not specific tax advice.  

Many of my investors who buy in Austin are specifically from the Bay Area.

Asking about the SW suburbs specifically, in the land of long sidewalks and big actual parking lots. 

Taxpayers should be aware of the criteria for this specific scenario.

Be specific about what you want to achieve and whether a coach can help you get there.Can I afford it?

Hi Shawn, I don't think the verbiage in a notice like this is state specific.

A lot of the success stories and content we’ve seen in the past came from a very different rate environment, so I’m definitely factoring that into my approach.For now, I’m planning to focus on the Jackson County/MO area, specifically around Lee’s Summit where I have some local support from family.

Learn what each one of these are, and see which makes the most sense to apply to your specific financial plan. $150 cash flow on any rental especially a triplex is dangerzone imo. 1 month of vacancy of 1 unit could destroy a years worth of financial gains.  

However, you could look into a “construction exchange” where the funds are used to improve a new property acquired through the exchange, but it must meet specific IRS rules within the time frame.