So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.

Makes complete sense to purchase a property that breaks even or loses money.

But your returns will likely be stronger in New Orleans over Baton Rouge. 

So to save 15% capital gain minus qualified intermediary cost does it make sense to do 1031 exchange in selling the old one and do 1031 exchange?

IMHO there are stronger, less saturated markets in FL. 

Marcus & Millichap bullishly forecasts continued increase in rents due to stronger demand and higher incomes.

I would strongly consider building equity to make a stronger down payment and further decrease your monthly cost. 

Hey everyone,I’m a real estate investor looking to build stronger relationships with agents to access off-market deals.

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.

It can eat into your cash flow, but if you're earning high income from your W-2 job (I assume you are if you're buying in all cash), it makes more sense to use your time making more income versus managing maintenance requests as you scale.