This results in higher crime and lower-quality schools, which causes more people to leave.What conditions attract new companies to relocate to a city?

I hate to say this, and I may be wrong, but in order to maintain the status quo, we may need another large attraction to draw more people to the area, a big splash to keep them coming at the pace of the new construction.  

House flipping is attractive because the high velocity turnover of capital if done successfully but as Scott points out, purchasing the home correctly is the most important factor in a successful flip.

I will add two points that make this Federal rehabilitation credit far less attractive than it may appear at first:1.

Investing with a self-directed IRA also has other benefits such as tax advantages which may make it even more attractive for some people.

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?

When it comes to targeting specific renters, a pool will be favorable in terms of attraction but will not always have a great ROI as others have mentioned.

The best way, if you're dead set on owning RE rentals, is to find a property in a good neighborhood that will attract GOOD tenants... from a wholesaler.

Have you thought about offering a lower rate to attract more interest?

The interest rates and terms seem pretty attractive.