Interesting that your market is slowing, but Chris's market is doing well around Orlando.Jacksonville hasn’t been building as many total units as Orlando, but Jacksonville has been top 10 in the nation for building new housing units as a percentage of current stock.

A 1031 exchange is a great way to indefinitely defer the tax and use it to grow your RE portfolio, and build long term wealth.The most important factor in a 1031 exchange is that your qualified intermediary must be in place prior to the closing of the sale of your old property.

@Li Li, Since the 1031 exchange will allow you to move into any type of real estate anywhere in the country. 

You can't sell a portion of a property like you can sell portions of stocks, bonds, mutual funds, etc.

I would highly recommend joining some of the many meetups and networking events in Austin for real estate investors, very valuable exchanges of ideas in person as well

A 1031 exchange defers all taxes by reinvesting in a like-kind property, preserving capital for long-term investments but adds complexity and future tax obligations.

The only “control” an investor has when he invests in REITS, (or any stocks for that matter), mutual funds, real estate syndications, whether debt or equity, or minority shares in a business, is whether to keep or to sell his investment, and often not even that.  

If you sell, will you invest the proceeds in something else for example the stock market?

Responding to a question about Political impacts and Self-Storage in a discussion.From a political standpoint, don't see a change in the stock market.

Let time do it's thing over 5-10 years, you can take advantage of the tax benefits in the meantime then 1031 exchange into lower cost, higher yielding markets to achieve those goals.Great thing abotu real estate is if you have the capital you have options and options are always good.