Beyond that if I am understanding your post correctly, you are in a market where the settled price is 97.9% of the list price.

I think I should correct myself and say that builders are certainly not the only ones to reap profits from there. 

After reaching out to two separate CPA's they advised me they do not answer 1031 questions and the intermediary should confirm the correct deadline date.Can anyone confirm whether the qualified intermediary should provide the confirmation of the date pursuant to the IRS notice or provide a CPA who does phone or zoom consultations and works with 1031's/IRS Notices?

I don't think unemployment is at all correct. 

ThanksIf investors are doing multiple real estate ventures, construction and rental, it would help that they can do the accounting correctly. 

For my answer, I'll assume it took years to save up the $80k, income is "normal" (meaning you are not making $500k+/yr), and you are moderately risk adverse.If those are correct, then first off I would not spend all the money.

Quote from @Brent Hindman: If I read this correctly, your current home would cash flow around $400/month.

I’m probably not searching correctly.  

I've been keeping my eye on San Antonio a bit as it seems it's going through a correction and potential for cash flow may be increasing.

I wouldn't worry about the square footage all that much because it's not always correct.