I have buyers for the Port Charlotte, a couple that might be interested in Jacksonville, but definitely none in Ocala.

Definitely geared towards ppl that are intermediate in Real Estate.

. $220,000 is definitely a lower purchase price amount and really limits you on what you can buy.

@John Lasher I didn't, but you're right that it is a common path. 

There are definitely some solid strategies that work well here, depending on your goals.Are you leaning more toward a traditional STR, or are you open to rent-by-the-room or medium-term rental strategies?

It's definitely doable. 

For properties under $300K, you can definitely find okay options in these areas.

@Drew Sygit Very true, Detroit is definitely block by block market.

@Eric SmithGenerally, if the taxpayer sells the relinquished property to an unrelated party, the taxpayer generally cannot acquire replacement property from a related party unless:The related party is also participating in a 1031 exchange.The related party pays more in tax on the sale to the taxpayer than the taxpayer is deferring in the exchange (this scenario is rare).Let’s look who is considered a related party: Spouse, children, grandchildren, parents, and siblings.Corporations and shareholders owning more than 50%.Commonly controlled corporations.Partnerships and partners with more than 50% interest.Trustees, grantors, and trust beneficiaries.Non-Related Parties:In-laws.Aunts, uncles, nephews, nieces.Friends.Domestic partners.Entities owned 50% or less by the taxpayer or a related party.In your case, your mother-in-law, aunts, and cousins are not considered related parties to you under the definitions in Sections 267(b) and 1031(f).

Flipping and short-term rentals are definitely exciting strategies to build momentum.