I like them both, in general, but the best way to find a town to invest in outside of where you live if it's not affordable and if you don't want to be withing driving distance easily (recommended) is to make two lists:1. every town you have ever lived in or visited for more than a month2. every town your closest friends and family live (the ones you like)Then you take those two lists and see where they overlap with the data or lists you are using.

I'm hoping some 1031 exchange experts might know if it's possible to defer capital gains in this situation: I want to sell several  properties owned by a 3 member (all family) LLC (LLC-A) and sell one property owned by another LLC with different but overlapping membership (LLC-B).Buy a much larger property that would be partially owned by LLC-A and partially owned by LLC-BThe new property is one tax parcel with two addresses.

It often requires a comprehensive review of all your policies, coverage gaps, and potential overlaps. 

@David Alfordyou have two overlapping questions here.one is - should you do this BRRRR or not.  

Doing anything at scale would likely take an act of congress, decades of litigation and environmental reviews, multiple huge overlapping federal bureaucracies working together, not to mention much of the available federal land is not useful for building housing on as it's in remote areas far from jobs with no water and sewer access, roads or infrastructure... so easier said than done. 

In fact, many of these issues will overlap in a number of mobile homes you look at for investment purposes.

I guess I should say that I still feel the purchase is justified due to the seller and myself having overlapping markets.thanks

You want investors who can help you and telling you where to invest when you are allegedly open to the whole country is impossible.Make a list of places you have a competitive advantage (where you've lived, where your friends and family live, and places you have been that you loved) and then use a list from Dave Meyer or someone else who crunches the data and see where there is overlap.

The thousands of parts to the economy all have their own cycles, and they don't perfectly overlap.

Others are duplicative and require resources to confirm compliance with multiple regulators with overlapping jurisdictions.Further, the study noted that “[Three quarters (74.5%) of housing developers said they encountered “Not In My Backyard” (NIMBY) opposition to a proposed development, adding ~ 5.6% to total development costs and an additional 7.4 month delay.]”Wow.