Currently, I'm analyzing different markets to see which one will best match my strategy.

What are some other emerging markets maybe with a bit lower to cost to entry for a BRRRR strategy?

. - some strategies I've seen California investors use to lessen negative cash flow: house hacking, mid-term rentals (people temporarily displaced from home renovation or insurance reasons like fire), rent by the room, Short Term Rentals. - The ultimate house hack, live in the small ADU unit and rent out the two levels of the main house on AirBnb in San Francisco (I would have thought STRs are oversaturated in S.F. but it worked for them and they stay fully booked).

Quote from @Joseph Bushnell: I'm testing out the idea of building a data center and I was wondering if anybody has heard of owning the building and having a third party operate the data center itself.  

Historical data shows that the transaction fees are very stable and predictable. 2.

Watch out for ordnances and HOAs with this strategy. 

Don't base it on one data point that is not available :) good luck

The classic BRRRR strategy could work great here.

With markets adapting to changing economic conditions, now is the time to explore innovative investment strategies.

If you're tax bill is $6-8k (minus the 1031 fees), surely you can make that up by taking multiple swings over a longer period of time.OR pursue some sort of owner occupied strategy with that cash if you can swing a live in flip or house hack.