@Johnny McKeon that seems incredible high!

Conduct off-market research: Targeting motivated sellers is the pillar of being a successful investor.

So, this is mostly about the motivations of the parties involved IMO. 

It's incredibly convenient location to Santa Monica beaches and the mountains, Beverly Hills, Culver City and Silicon Beach.

This network is incredibly insightful!

I have a coworker who's a real estate agent in Fort Meyers, and he's said they've had incredible growth there over the last few years.I'm completely new to real estate investing, but Cape Coral is on the top of my list of places to invest.

Most of the " we will help you stay in your home companies" got put out of bizz during the GFC since so many were just fraudsters .If someone is in foreclosure their credit is ruined at that point going to foreclosure sale does not matter on their credit enough to make that a  motivating factor although folks BS about that too.

There is no real motivation for the property management company to evict tenants and/or fill the vacancy as long as 1 tenant is paying their rent.

This can potentially enhance long-term wealth building.Tax Deferral-By reinvesting your proceeds into like-kind properties through a 1031 exchange, you can defer capital gains taxes, allowing you to reinvest more capital.Market Timing-Despite the competitive market, a 1031 exchange gives you a defined timeline to identify and acquire properties, potentially putting you ahead of other buyers who might not be as motivated by a tight deadline.Cons:Lower Initial Cash Flow-Acquiring additional properties may reduce your immediate cash flow, especially if properties in your target market are not as cash flow positive as your current property.Risk of Overpaying-In a competitive market, there's a risk of overpaying for properties just to meet the exchange deadline, which could impact your overall returns.Either one is a valid option, but overall it depends what your financial goals and restrictions are.

What was your motive for house hacking?