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.

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.

However, I mostly want more free time to pursue other lifestyles.

@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.

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

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

Does maintenance factor in replacement costs of the HVAC, Roof, Glass windows, structural piping, Parking lot repaving, sprinkler systems, etc. 

However, I've recently come across articles discussing the potential benefits of lower down payments in certain situations.Given the current real estate market conditions, what are the critical factors to consider when deciding between a high or low down payment for an investment property?