Lastly, what was your career trajectory that allowed you to buy buildings and projects out of state, i.e. what did you do for a living to get the capital together to start/grow/buy that business?

History would suggest the RE market has more legs, even if the upward trajectory in interest rates prove to cool off the market temporarily. 

The corporate firms are where you start to see less of that and more professionals earning a decent salary through a gradual career trajectory. 

I just wonder: how much does the fact that people are 1031'ing their way into/around STRs contribute to the trajectory of the market?

I can't see prices continuing on that trajectory. 

Hello Dan,The chart below shows actual data (MLS) for how our target property profile performed.Here is an article from the review journal published on March 22, 2022 on rent trajectory.

Without getting into right or wrong, I think that some large companies will have trouble moving to Texas from a political standpoint if the supreme court continues with it's current trajectory and Texas is among the first states to pass laws that depart dramatically from mainstream American politics.

Keep saving, even when you think your reserves are in a decent spot because one or two big things going down can put a dent in your trajectory forward. 

But to be frank, CA's trajectory is impossible to replicate as working remote has become more prevalent, companies more “decentralized”, and more people think about not just professions, but also lifestyles these days).Are you able to find trustworthy realtors/PMs or even service providers?

If you consider this "income" versus your $675k in equity from the same houses, you should have your head checked.Wealth is built through TRAJECTORY of capital.