Las Vegas came across based on the relative close distance to home (Orange County, CA) and familiarity.

Hello everyone,      I'd appreciate it very much if anyone knew of any investor-friendly attorneys or realtors in the Orange County, NY area. 

I flip in LA and Orange County and I can tell you that from my experience, it's pretty difficult to use the 70% rule.

Comparing buy & hold investing with an IRA to similar investments made with non-IRA funds is comparing apples and oranges.  

I am based out of Orange County, New York and looking to business in the upstate NY area. 

I flip homes in LA and Orange County.

A few years ago, a small Escrow Company here in Orange County that also did 1031 exchanges, was owned by a person who found out they were dying of cancer, so one day, ALL the money in the escrow exchange account disappeared, along with the owner.So my advice is to do the 1031, the government did NOT take any risk and does not deserve that large of a chunk of your profit.

(Think Irvine Company in Orange County,CA, but all across the US.)

I'm doing a bit of both but my thought process is to take advantage of appreciating prices, especially in Orange County by rehabbing and selling.

@Chris Mcalister  I would not follow that advice that this is like a distressed asset and you should offer less than you normally would.. as this is not the case... what Elizabeth is talking about is apples and oranges compared to buying this type of asset... what you want to do is get it into contract so you can then do your inspection and based on that you can do an inspection addendum if you need to lower price.. other wise you won't get in the game.As long as its fairly priced in the first place.. and depending on who the seller is