Multifamily investors usually look to balance risk and return - usually picking either B or C neighborhoods to buy rentals in.

Sounds like you just need to find a deal that makes sense.. reach out if you want to pick my brain. 

The demographics and map data don't take the students into account, but they're really what's driving the market.Low property values and ever-increasing student rents are a recipe for a market when you can pick up a duplex in decent condition for $150k, and rent it for $500/bed (that's an EGI of $36,000 annually for a 3/3 duplex).

As far as investing out of state goes, I would pick something you can drive to in 4 hrs or less.

My tombstone should read: pick efficient investments, not tax-efficient investments.

Stated baldly - your track record at picking syndication investments is, thus far, a losing one.I am certainly not an investor with BAM Capital.

Awesome to hear you have a specific date picked out to take the test! 

Thank you for the feedback Russell, I am definitely hoping it picks back up in the spring.

What are the pros and cons of each option and in what scenarios would you pick one over the other? 

I've done quite a few 1031's and each time I had my three targets already picked which means they were less than two weeks from being signed when I closed on my downleg.