See it doesn’t matter, there are no rules governing this.

@Amelia Gull, you're situation intersects with a couple different 1031 rules

This will allow you to acquire more rental units and also being able to use the vacated unit rents at 75% to help your debt to income ratio DTI.There is a FHA 100 mile rule if you do plan on using FHA on your 2nd house hack.

They will understanding all of the rules and regulations in what is needed to make it legal.

  $20k on $100k is a problem.Getting a comp or appraisal on a suburban development is easy. 

There is no statutory rule enforcing this, but it's normally good advice.

Makes it really easy and fun.

However I have a pre-screening rule of having major concerns such as bankruptcies, bad credit, crimes against people etc.. 

You can't fool around in LA but the formula is easy.

There is a community over there wanting to build up a boardwalk similar to New Jersey and return North Beach to it's prime (I think it had a boardwalk in 1915 before a hurricane).It has a lot of work to be done but it's in a good spot to downtown, right near the highway so easy to access and get to places all over the city whether you are going to the island for spring break or the university to visit college students it's a short drive.The area it self could be better but I think it has a lot of potential.