While not always preached, diversification can save you some aches and pains.

However it does make me wonder if I should force myself to invest outside of Sac in the interest of diversification or to just stick with what I know?  

But do not jeopardize the rest of your profit in the 1031.Your thought about selling one and buying several is a great strategy called a "diversification exchange". 

AirDNA and All the rooms are on-line data collection companies that also follow residential hospitality trends.Demand - Depends :)  I always like to talk about "Portfolio Diversification." 

I follow the core/satellite approach to portfolio diversification where the bulk is in very safe/conservative assets which allow a smaller satellite portion to be in riskier.

Diversification, plan and simple.There are several conversations on the topic here on BP, and several quality plan providers who are active in the forums sharing their knowledge on the topic.Do some reading and then reach out to a few professionals in the field by phone. 

Diversification is a good thing. 

@Marisa RoweI believe that the market is still very strong for both rental and housing as population and job growth has continued to steadily rise along with great diversification of employment.

Only problem: no ones knows where the bottom is.A reminder that diversification is good.

They also allow much more diversification across geography and strategy than the average investor can afford to do on their own.