@Bryan Cavellier, You can 1031 with any US property including Guam, the USVI and ...drum roll- The Northern Marianas Islands (go figure but I actually had a realtor from there in a class of mine recently) into any other US or one of those territories.  1031 is a federal statute so it's applied the same in all locals with just a few variations state to state at the state level. 

Age wise that's not bad and is pretty typical for investment class assets here in Memphis.

Focus on Class B or C properties for stable tenants and cash flow.

Property is still a class A location, but slightly too big for the average user. 

Hoarding is a protected class because it is a disability. 

It’s safer, and honestly you aren’t spending it, you’re moving it from one asset class to another.

Wickman class's were aimed at helping RE agents get to the next level and since my wife was a top producer and managed 70 agents she was very good at it.. 

New to this local market, I wonder whether buy and hold is a good strategies for this market (balanced between cash flow and appreciation for class A or B, I know cash flow is difficulty in general given today's real estate environment )?

I'd put it as Class B area for the most part. 

For A/B class tenants that may be ok most of the time, but many tenants are paycheck to paycheck especially in cash-flowing markets.