On the upside, the potential for significant cash flow, leveraging your $800k equity, appreciation in Oakland's booming market, and the benefits of a 1031 exchange make it a bold move.

It has been booming for the past couple of years with strong job growth and population increase.

The property value, however, didn’t see any increase in the real estate boom of the the past couple of years.

And the economy there depends mostly on tourism which can create a boom/bust cycle.

Booming market here 

A major Coast Guard base is being stood up in N chs on the river, the port facility is booming and expanding rapidly, and N Chs offers some of the only reasonably priced developable RE with short commuting distance of the peninsula, Mount P, and the beaches.

There is an 18billion dollar gas plant that is being built in Brownsville on the Port and is expected to bring in 5k new jobs. https://gcaptain.com/nextdecade-finalizes-18-billion-investm...I'm also told that Rio grande valley is booming in growth around areas like Mcallen and brownsville. 

Wenatchee is about to BOOM!

Well, what if you purchased at a booming market, then it crashes?

Windows open from top and bottom.....popped into place and boom, 30 seconds later done.