If you were to market, I'd choose a peripheral market that will still have a tourism draw (Ocean City, Brigantine, Avalon, etc).

Flooring over 5 years. etc.Here is a chart of such items.Type of PropertyGeneral Depreciation SystemComputers and their peripheral equipment5 yearsOffice machinery, such as: Typewriters Calculators Copiers5 yearsAutomobiles5 yearsLight trucks5 yearsAppliances, such as: Stoves Refrigerators5 yearsCarpets5 yearsFurniture used in rental property5 yearsOffice furniture and equipment, such as: Desks Files7 yearsAny property that does not have a class life and that has not been designated by law as being in any other class7 yearsRoads15 yearsShrubbery15 yearsFences15 yearsResidential rental property (buildings or structures) and structural components such as furnaces, waterpipes, venting, etc.27.5 yearsAdditions and improvements, such as a new roofThe same recovery period as that of the property to which the addition or improvement is made, determined as if the property were placed in service at the same time as the addition or improvement.Property taxes go on Schedule A.

@Henry Tse, I'd say generally to focus on the peripheral sides of Austin - East or South.

Beyond that, though, there's not enough peripheral business spinning off of the university to bring new life to the city, and values have suffered.I'm moving my attention to Blacksburg and Christiansburg.

A $3000 car appendage will never make sense financially, but as a reward for saving 5x that first, you will build good habits.Children do what feels good. 

Without razor sharp local knowledge, I'd be concerned you'd eat the capital gains or settle for a sub par asset if you're going the 1031 route. 10 cap properties are out there though possibly in less desirable peripheral markets, and likely requiring you/ a carefully chosen team to be local for some time to stabilize and put management in place.

That being said you are always going to hear stories about that newbie who chops off an appendage (or buys a terrible "investment") by taking on more than they are ready for with that powerful tool every now and again.

In my opinion, that could be a game changer for residential in the downtown and peripheral areas but the fortunes of Sac real estate in general will always be underpinned by government jobs.As for which market has more cash flow vs appreciation potential, it's highly neighborhood specific.

At this point in my life I can only risk small appendages :-)

hes involved peripherally and is the owner but day to day operations as far as finding , offering, and managing the rehab is handled by mei would appreciate any input as to how to streamline this process to make the offering not so time consuming