It barely gets above 82 degrees in the summer.  

A referring to the nicer neighborhoods...etcI could be completely off target with this but it’s a barely educated guess.

When starting a house like this, my advice is to not to demo the whole house down but do try to get it as bare bones as you need.

I have a W2 so I’m ok barely making anything off a property in an area I like for a couple years.

There is still barely any inventory and it seems it will get worse, ugh.

@Shez B- Are you happy with Casa Property Management company?  

My appreciation will probably barely keep pace with inflation. 

I barely qualify for a loan that is competitive, and I'm pretty sure, were I to purchase a home/investment property with no money down, it would be hard to gain equity, and I can't fathom prices continuing much higher than they are now.

I own bare land worth about 300K.

Hello @Misook FoleyAs the others have stated, yes, you can 1031 between different property types, such as multi unit to SFH, to bare land, to commercial, etc., etc.