However, I’m still mindful that this is our first deal, and I want to be prepared for potential surprises.Here’s what we plan to check during the walk-through:- Overall condition of the HVAC system (I’ll test it myself with HVAC multimeter)- Electrical issues (I'll assess as well)- Plumbing, which my brother, a journeyman plumber, can help with if needed- Any significant structural concerns, mold, foundation issues, etc.

Here are some areas in Texas and Florida that are currently attractive for real estate investment due to economic growth, population increase, and urban development:In Texas:Austin:Reason: It's a tech hub that continues to attract major companies like Tesla, Oracle, and Apple, driving demand for housing.Opportunities: Residential properties, multifamily units, and commercial real estate.Dallas-Fort Worth:Reason: This is one of the fastest-growing metropolitan areas in the U.S., with a diversified economy and a strong job market.Opportunities: Multifamily developments, long-term rental properties, and flipping projects.Houston:Reason: Known for its oil industry, Houston has diversified its economy into technology, healthcare, and manufacturing.Opportunities: Commercial and industrial real estate investments, as well as residential projects.San Antonio:Reason: It's experiencing continuous infrastructure growth and is more affordable compared to Austin and Dallas.Opportunities: Affordable housing and expanding development projects.In Florida:Orlando:Reason: Orlando’s tourism industry continues to drive growth, alongside its rising status as a tech and medical hub.Opportunities: Short-term rental properties, multifamily developments, and new residential construction.Tampa Bay:Reason: Tampa is experiencing a population boom and is considered one of the best places for job growth in Florida.Opportunities: Waterfront properties, new housing developments, and commercial real estate.Miami:Reason: As an international business hub, Miami is attractive to both investors and high-net-worth individuals looking for luxury real estate.Opportunities: High-end residential and commercial properties, luxury condos, and fix & flip projects.Sarasota:Reason: Known for its beaches and quality of life, Sarasota attracts retirees and families, boosting its real estate market.Opportunities: Residential developments, vacation rentals, and waterfront properties.

It is 5 or 6 hour drive from my house.  

I don't think you qualify for a 1031. owning a property your mother lives in doesn't seem to meet the held for investment test necessary. 

But, something to add that you have to understand is that a 3-4 unit has to be meet the FHA self sufficiency test.

What mechanism would be driving such "cycles"? 

For a family earning slightly higher income than median wages, driving to work to the city and living about 30 mins away with reasonably good house on a > 400 SQM land parcel was possible and totally achieveable.

The three reasons sellers typically choose the off-market route are privacy, potential savings, and price testing.

Location is residential with a park a short drive or long walk away.

The truth is most methods work - cold call, direct mail, referral programs, driving for dollars, etc.