You might want to buy a big house/multifamily for students/friends to live in or something very nice in downtown for short-term rental.    

I currently live near downtown and absolutely love the city.

Yes Lynchburg is a lovely town and getting better...they are revitalizing the downtown river front which is very exciting!

The mall, and dinning are within 5 minutes, and you can get downtown in 30 minutes.

It is definitely a bad neighborhood as it stands and the current tenants of the efficiency are without a doubt crackheads on section 8 housing, but like I said, it looks like the city has been putting money into the neighborhood and the developers are flocking as the downtown area expands.The buyer listed the property for $235k, I originally offered $220k and we came to an understanding at $230k.

Google will move parts of employees to downtown SJ Google Village.

I see a lot of potential in the Downtown Savannah area and would love to connect with anyone that believes there is potential as well.

I'd say "no" only as someone that lives in downtown San Diego and has friends that moved up there to get cheap housing. 

Based on lots of money being invested into downtown St Pete and Tampa there seems to be lots of potential for more appreciation if no major recession.

In other words, in your portfolio -- yes, yours -- you could own a piece of a high rise, a downtown office building, a 100-plus unit apartment complex and more.Let's break it down.1031 vs. 721: How the 721 can protect youOK, so as awesome as the 1031 is, there are a few drawbacks.