Reason is a Heloc generally carries a higher rate on a shorter term and "Can Never" be used as an "Asset, or for PITI reserves" which are both required when you buy an investment property. 

Hi,As someone that moved from CT to SC, I will tell you property taxes here are very low, you would feel the same coming from NY. the 4% for primary and 6% for a rental, at least in Charleston County where I live, is not 50% more it is really x3 more , but still low compared to NY, so while others from SC may see it as high, you may feel it is a bargain.Not only that, being a landlord here is much easier, you actually have rights on your property, which is not really the case in NY/CT.I read your mortgage rates are in the 4's, expect to pay in the 8's right now, so unless your plan to pay cash, which, I personally am not sure I would do for an investment, many reasons for that, it is going to be very difficult to make money. if you are looking for appreciation rather than income, it may make sense.Hope this viewpoint from someone that moved a few years ago from similar place is helpful. 

If you opened the exchange with the intent to hold the property for investment, and then in the future circumstance changed which caused you to reconsider the use of the replacement property and convert it to personal use, then a period of time less than two years might be reasonable.  

Which is a good reason for full disclosure of ramifications and consequences.

To determine what to offer on a rental property:Determine reasonable market rent, NOT the highest!

The reason I even ask is because I do have a clear understanding of how loans works, or should work.

I say not for the following reasons.  

Moreover, office spaces often face more competition, especially with the rise of remote work and changing demand in the market.On a personal level, I prefer industrial real estate for several reasons.

There's usually a good reason why a company is cheaper or more expensive.

Their inspections are reasonable and only happen annually at most, unless someone complains.