This is partially offset by high international immigration and births.

Specifically looking at SC because I sometimes travel down there.

Out of state investing gives you all of the headaches of local investing plus the costs of plane tickets and travel time.Also, never trust people, especially as a rookie.

Do you have a internal memo stating such?

People will start to realize that a law designed to protect against criminal international money laundering captures more innocents than anything. 

When my work travel slows down I might give you a ring for that coffee

You will need to find partners, you will need to travel to where you wish to invest, you will need to understand the ins and outs of the business by being actively involved and treating it like a business and not some super passive investment.If you don't want to do that work I suggest you just put that 200k into some sort of diversified mutual fund that can make you 10+% on your money without any of the work of real estate.At the end of the day this is just my advice and I'm only a stranger on the internet.

A 1031 exchange the depreciation schedule travels,.8) Partnership Interest: When a partnership or other ownership group sells an appreciated asset, they do not need to remain together to achieve tax deferral, as is typically the case with a 1031 Exchange.

Main road for mennonites on buggies traveling to town.  

By fostering relationships instead of only chasing transactions, I’ve been able to tap into unique deals that helped me expand my portfolio without exhausting my resources.Relationships Across Borders: International and Out-of-State VenturesExpanding my network didn’t just open doors locally; it allowed me to explore international and out-of-state investments as well.