Hi Mark, I am a founder of a startup helping RV park developers source land.

I’ve seen people buy land thinking water was covered only to find out they had to pay 6 figures to get water re-routes or upgrade pump stations.

Open to ocean view, close to tourist areas by transit, farm ground or ranch land.  

I would make sure you speak with a land use attorney on this

Quote from @Celli Mowery: As a BP binge listener, investor and agent, I'm curious why smaller areas of Kentucky are not receiving focus with their low land costs, & lower entry points?

Lots of swamp land for sale...so know what you are buying and know what your exit strategy is. 

I don't think being a long distance landlord is as easy as some tout but full disclosure I've stayed with 80 miles of my primary residences. 

Call the past 2-3 landlords where the tenant previously lived.

As far as some other comments about like kind etc, you can sell this SFR and then buy a warehouse, or vacant land or even exchange into a DST there are many other assets that are considered 'like kind'.

You can earn strong appreciation but also lose a lot as the entire state becomes increasingly hostile to landlords.