Appreciate your thoughts.Thanks.Hi Senthil, if you're an accredited investor and you decide to 1031 exchange, you might consider learning about DSTs.

There are literally oceans of non-accredited funds waiting to be sucked up by crowdfunding platforms.

Most of the deals I review in the syndication world in the areas that are most attractive right now if you qualify as an accredited investor offer 8-10% cash on cash (preferred returns) and healthy all in IRR of 18-20% over five year hold periods.  

You can try to develop yourself, invest with a sponsor passively if accredited ( some will do non-accredited investors but most will not due to extra liability and red tape required), or you can own directly and existing property that is stabilized or value add.

Alternatively, some accredited and sophisticated investors who desire truly passive income investing through JVs and syndications.

So, non of the business proceeds qualify as income.I'm currently a stay at home, home schooling dad.

PM me if you like, I'd be happy to discuss it with you.Remember these two things.....TAKE ON NO SIGNIFICANT DEBT (really, take on NO debt...there is no need)Choose a REGIONALLY accredited college (accept no other accreditation) All of your state schools, Harvard, Yale.....those guys are all Regionally accredited.

I have 5 kids that I'm homeschooling, so tenants approaching me randomly throughout the day is just not going to be an option. 

Now I'm having to rebuild.Long term, I should like to try the different real estate investment hats until I become an accredited investor.

The deals in So Cal. are there if you are an accredited investor with substantial funds & if you look hard enough, but for most, the Phoenix area makes far more sense.