It appears you are focused solely on the financial components of the project without understanding the insurance and liability factors of self-performing the project in the manner in which you propose.

@Ashish Acharya Thank you so much for your feedback, I completely agree and have included seasonal trends and will look into economic factors including rental demand drivers.

I think that would play a big factor in how I would respond. 

If you go into a different market and the laws change, you are stuck with a lease with someone who may not want to cancel it (not to say you couldn't have a clause in there).The main problem I have with this strategy is you are missing out some of the key wealth building factors that come with real estate.

While this leads to operational headaches, the bigger factor is the next one.Your lower quality tenants, typically, create heavier wear and tear and turn over more frequently.  

I agree with you that this program will be one of many factors in why prices increaseThere are two kinds of inflation:1.Non-monetary inflation.

@Bryan Field I have one that’s 35 minutes away and in terms of me being able to get there the distance is a factor.

The Qualified Intermediary that you select to support the Exchange is important and price is just one of the factors to consider.Happy to make an unbiased recommendation if you’re looking for more options.

Look at population growth, job opportunities, and other economic factors that will drive rental demand.

Look at factors like job growth, population trends, and rental demand.