As this opportunity just came up, it sounds like I need to do much more legwork and research of the area prior to jumping in.

@Ane DeysRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding locations to invest in.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)

I have seen some rentals on Airbnb that are killing it but don't seem to be in a prime Washington location.

Location could change.   

I currently don't have a buyers list or even know how to get started with that but I found a foreclosure house with a great location that I think would interest some investors.

Broadly speaking, investor law is dictated by the state in which your investor resides and lending law is dictated by the state in which the property is located.

*To answer your question directly*, it's slightly hard to name the locations especially within the city, but Mike will be able to talk through these locations with you today when you guys connect.

I recommend seeking out a mentor prior to joining a brokerage if you can.

@Michael EwersFeel free to reach out to Jacob Peistrup (STL)(Realtor) @jrp_properties he can give you some exact locations and he’s a solid investment friendly realtor Jacob Peistrup(314) 527-3270

If you want to completely defer all tax  then of course you'll need to line up the 1031 and complete it with the purchase of that property you'll then use for investment (with some personal use) prior to moving in and converting it to your primary.But the other way would be to start a 1031 exchagne in one year in such a way that it's 180 period crosses over into the next year.