While I don't have Bay Area capital to purchase my properties, the idea of MTR Arbitrage seems fitting. 

You are not allowed to 1031 a flip or a property built specifically for sale. 

In other words, selling one home cannot purchase two. 

Purchase price: $215,000 Cash invested: $100,000 6 apartment building with 2/1 brick.

@Ashley Guerra - I live and invest outside of Philadelphia, so I can't comment on your specific markets in central and south Jersey, but can provide my perspective on things to think about to help your decision.1) I would consider speaking to 3-5 people/investors in each market you are considering (central and south Jersey) to listen to their thoughts on pros/cons of the area and how they invest.

Newbie investor here looking to do my first actual investment purchase.

@Kandi SterlingWhere specifically do you see these CONSISTENTLY renting at 190 a night on the east coast?

More specifically post cards because they are less costly and still effective if sent out to a good list and number of people. 

For example, researching deals on specific items, like AK47 skins, can be a smart way to start building your inventory without a huge upfront investment.

I’m an investor with capital and was presented a potential deal to purchase an off market 83 unit self storage facility.