@Tj Collins You can 1031 exchange in and out of any state, you can 1031 exchange in and out of any investment real estate - farm land, apartments, commercial, single family investments, new construction etc...The big things are timing on the 45 day window, 3 property rule and closing in a certain amount of time.

Great, thanks for the insight. 

If the property doesn't appraise you are then overpaying for the property in exchange for a turnkey experience."

I sold my least favorite multi unit a couple of years ago and exchanged it for a 2 BR rental in AZ.

I have to agree that a 1031 exchange may not be the best strategy. 

Hi all, I am running through proposed ideas for my first real estate deal. I currently live in Southern Maine and am looking to construct some kind of new project rather getting into rehabbing existing residentialProp...

Thank you so much for taking the time to respond and share your insights River!

I’m not claiming to know it all—I’m here to learn, build relationships, and grow.Here’s what I bring to the table:A strong understanding of leveraging Net Operating Income (NOI) to secure financing and reduce out-of-pocket costs.Experience in negotiating deals and identifying opportunities, especially in the LA market where many multi-family properties are under $2 million.Skills in managing larger properties, from scheduling repairs and upgrades to optimizing operations for long-term value.The ability to use AI tools for data analysis, market insights, and deal projections to help us act quickly and efficiently.I’ll be upfront—my funds are limited after dedicating the COVID years to supporting my family, but I have the work ethic and expertise to find and manage properties that perform.

Really looking forward to hearing your insights! 

I look forward to engaging with you all, sharing insights, and hopefully contributing to discussions as I progress on my journey.