A lot of clients I work with in NY invest here because it's one of the hottest real estate markets in the US and has some of the best macroeconomics - population growth, job growth, and companies moving and developing here.

Check with your QI about both scenarios.I did have a client do a 1031, rent it out for two years and then moved in at the advisement of their CPA.  

Really a MF deal is similar to a SF deal but there's more moving parts and more at stake if things go wrong.

Life started moving fast as many probably can understand and I completely fell of track.

I get a lot of applications from out-of-area people, typically moving from another state.

Investing in Wisconsin and Illinois is a great move—both states offer solid opportunities for multifamily and single-family rentals.If you’re looking to connect with like-minded investors or agents, I’d recommend joining local real estate meetups or REIA groups in the areas you’re targeting.

Thanks but you won't be making any money on a new build because in so cal there is no land to build  same in miami where I moved to from columbus.

got out of flipping to new construction in our market in columbus ohio. licensed general contractor. when interest rates got high single family existing went down by 30% new builds sold at a 6% increase that year which demonstrated the desire and premium that new construction commands. never looking back. total control, rinse and repeat. we can get permits in 28 days. we can buy land cash in 21 days. we can build in 120 days to 140 days and keep moving. super scalable and easy and no risk. we build the same 2-3 Floorplans 

To me, this is a red flag.He's trying to keep liberals from wanting to move to Texas.

What seems most attractive for now seems to be multi-family markets starting out and eventually moving into 5-20 unit properties for growth.