I am not buying, selling, investing or anything related to BP.DM me if interestedBuying in Kensington is either a total disaster or a very brilliant move, depending on your timeline.

I'm trying to see how viable it is for him to buy a property there. 

When you do a 1031 exchange you are selling investment property and you must buy investment property. 

DesireeI have seen this same exact thing in Memphis TN in properties located near the University of Memphis so my personal opinion is to stay away unless you can still buy the property where the numbers make sense.

My strategy for the foreseeable future is 'buy and hold' with long-term tenants. 

So I would like to get the opinion of some experienced investors.My goal is to buy (3) three to four multifamilies.I inherited a 3 family fully paid off and own my current home.Between the two I have roughly 550-600k in home equity.  

I analyze intensely the ARV price points in my target markets for at least 9 months before I buy. 

There are a couple of things that come to mind, if a payment is missed the lender cares, if the servicer goes out of business or misses a substitution of trustee, the lender cares, if the borrower goes to the lender to try to get removed from the loan (usually to buy another house) the lender cares, if the property gets caught up in a bankruptcy or divorce, the court cares and that means the lender gets involved.

there is an argument to take the equity and buy a large managed property. 

I would rent or sell that condo and buy a duplex in a class A or B location in KC.