Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Your reinvestment targets for a 1031 exchange would have you purchasing $700K of replacement real estate using all $500K of equity. 

Addressing Housing Demand -California’s housing shortage is well-documented, and SB 9 directly targets the problem by promoting small-scale, incremental density increases.

I want satisfaction- that all the work was worth it and achieved its goal. 

The investment portion of 3 units equals their reinvestment target of $600K. 

However if I do a BRRRR I can achieve infinite return by extracting all of my investment.

It’s a longer-term game, though, with higher upfront costs.I’d say spend some time researching your target area and connecting with local investors or meetups—they’re goldmines for market insights and networking.

Be sure to celebrate the goals that you achieved!!

I'm going off the understanding that you still need to spend 500+ hours in the business to achieve material participation (please correct me if I'm wrong). 

Clearly identify what you want to achieve in real estate and use that as a guiding force throughout your journey.