The ability to use leverage to acquire more attractive assets and amplify their potential gains4.

And are you looking to acquire more properties in/around Springfield? 

They acquired the neighboring four-unit in the 1990s for $150,000.00.

I acquired a property couple years ago and did a BRRRR on it.

There is no specific IRS-mandated minimum holding period for a property acquired through a 1031 exchange before you can retitle it, that's why it's hard to find an answer. 

For example, should we focus on acquiring one high-quality property in a strong market, or would it make more sense to spread the investment across multiple lower-cost units in emerging areas?

What other methods should I use to acquire another property? 

However, it may be prudent to wait until you acquire property in that state to create the LLCs to avoid paying all the necessary filing fees when you have nothing going on yet.  

Acquiring Clients: For those who’ve raised capital successfully and built a strong network of clients, how did you go about finding and nurturing those relationships?

My 2-5 year goal is to acquire 1-2 more multi-family homes.