The reason: The biggest elements of getting my wife’s enthusiastic mutual agreement is:A.

Gordon,You need to find out if there are any Environmental issues (either actual or potential). 

It's not a dealbreaker, but it's just something relevant and significant for us personally.Regarding my commentary on growth, I am not doubting the long-term growth element that is clearly there.

And isn't there a time pressure element with looking for a new property for 1031? 

The pull back in these markets is due to a confluence of many factors, but it started with these environmental factors:Low interest rates and easy financing for new projects.Structurally high rent growth on existing inventory.High wage growth and high job growth.Very low vacancy.These factors led to floods of institutional capital coming to these markets to snap up existing multifamily inventory and build new supply to meet demand.For these markets, the last 5 years have been a seemingly never ending party!

Listen to your gut and buy what feels comfortable with some element of risk and stretch built in.

Maybe check with your state’s fish and game department and your state environmental protection department to see who they work with or have heard of?

That's not synonymous with me saying cash flow is not important, it's just not as important.The thesis should be not to look at cash flow only and understand the quality of the property is arguably the most critical element in investing.

Take into account elements including neighborhood desirability generally, employment prospects, and population growth.

can you see where Columbus is heading...my primary doubled in value in 3-years...it will double again in the next 5...same story with my investment properties...you won't be able to buy a home in Columbus for under $600k in 15-years...every structure in this city is valued at 40-50% of value...coastal Cali is beautiful, but the combination of the environmental factors and natural disasters and decreasing rate of affordability mean you're about capped...so, you become a city of working class poor that sell their soul to the devil to afford rent in shared apartment and a bunch of affluent self-centered a$$holes in McMansions...sounds awesome.