Timber deeds are actual Deeds kind of like Oil and gas rights..

After you figure  it out, oil based killz does AMAZING things! 

I agree with Robin, my first deal was a single family house in a good area with blue tarp over the roof and a noisy but working oil boiler.

A hedge fund owner who I worked for called it “a data revolution” and referred to data as being the new oil.

Now for medium term rentals we supply it all except we don't go over the top and supply food items like oils and spices.

Used to spend some time at Lake San Antonio not too far away (remember going into Lockwood in search of 2 stroke oil one time)I think you are on the right path with the snowball effect (my wife and I used that same method to pay down and off our debt) As far as investing out of state I would highly encourage you to do your research on the area and try and find someone more familiar with the market and the nuances of the market to help you in the beginning. 

Pair that with the summer is busy and we have 10+ guests slathered with oils and god knows what else happens and the pools get cloudy or worse green. 

Like-Kind Real Property  The following list of real property asset classes represents interests in real property that usually qualify as like-kind property for 1031 Like-Kind Exchange purposes: Single Family Residential Property Multi-Family Property (Apartments) Commercial Office Properties Retail Shopping Properties Industrial Warehouse Properties Triple Net Lease (Net Lease or NNN) Investment PropertiesAgricultural (Farm) Properties Vacant Undeveloped Land Oil & Gas InterestsMineral RightsWater RightsAir Rights Easements in perpetuityLeases with a remaining life, including options, of 30 years or more Tenant-In-Common "TIC" Investment Property InterestsDelaware Statutory Trusts "DSTs" Investment Property Interests Vacation rental properties (income producing)

We moved office locations from a single-family house in the suburbs of Martinez, GA to an iconic building on 1918 Central Avenue, a former Pure Oil gas station designed to look like an English Tudor cottage.

But I can tell you Sedalia is a very oil driven manufacturing center between caterpillar, Waterloo, Maxion, and Gardner Denver I would definitely expect housing demands to increase over the next several years because of Trumps policies.