I think the risk here is minimal.

Prioritizing market knowledge and buyer preferences minimizes risks and maximizes success.

This minimizes risk and establishes a robust foundation for your investment journey.

You have 2 limiting factors: lack of consistent W-2 income and minimal capital.

Seller is looking to get $210 and prefers a cash deal to minimize expenses, which I do too.

I'm considering diverse options for reinvesting the proceeds ($200k+) from a planned 1031 exchange and am open to various strategies:Las Vegas/Reno: These markets offer potential for both cash flow and appreciation, but I'd need more information on their suitability for mid-term rentals and current market conditions.BRRR strategy: This approach could be attractive for value creation, but I'm hesitant about out-of-state management and require a turnkey or experienced team to handle renovations.Other locations: I'm open to exploring other markets offering favorable investment opportunities, particularly turnkey properties or areas with manageable maintenance requirements.My preferences:Turnkey properties: Minimize management headaches and focus on cash flow.Limited appreciation: While some appreciation is welcome, cash flow is the primary priority.Shorter-term rentals: While Airbnb isn't an option in my current area, I'm open to exploring short-term rentals in other markets.Avoidance of major renovations: My recent experience has solidified my preference for well-maintained properties.Current portfolio:3 duplexes in Missouri (mixed performance)1 single-family home in Memphis, TN (turnkey, positive experience)Questions for the community:What are your thoughts on Las Vegas and Reno as potential investment destinations?

Wanting to minimize cap gains?

So in essence, if I´m break even or maybe minimal cash flow i´d rent and monitor it.

By having a clear understanding of the timeline and enlisting the support of experienced professionals, landlords can minimize the impact of evictions on their rental properties, while tenants can navigate the process with clarity and support.

The value comes from the conversations ahead of time that minimize taxes by providing a framework strategy and an evolving pathway that changes with each conversation with your tax strategist and new deal that your investing career contemplates.