Oklahoma, specifically Tulsa seems like it may have some merit.

Does anyone have any tips for specific suburbs to look at that offer a good risk vs. reward mix? 

I serve as the acquisition manager for a private equity firm specializing in retail and industrial properties.I'm on the hunt for networking events in NYC specifically geared towards commercial real estate professionals.

I Just relocated to Branson to work specifically with vacation rental investors.

The 80,750-SF grocery-anchored neighborhood center, which traded at a 6.5% cap rate and was 92% occupied, has had The Fresh Market as its anchor tenant for the past 12 years.Higher up the pricing spectrum, unanchored and open-air shopping centers may see cap rates above 7% and occasionally push into the 8% to 9% range as specific market and quality factors influence each transaction.In the open-air shopping center segment, Nuveen sold the 1 MSF Fayette Pavilion to 5Rivers CRE, a private buyer from Houston, for $134 million, or $128/SF.

It is important to consult with a tax professional or attorney specializing in 1031 exchanges to ensure that your friend's specific situation and intentions comply with IRS regulations.

If you have specific questions about property management, I'll be happy to help!

Specifically in reference to what is owed if a client terminates services. 

I’m no hot tub expert so don’t have a specific recommendation but bought an Encore and it’s been amazing.Good luck!!

Specifically, knowing what size of property you can afford, then narrow down on Airbnb/VRBO to the similar properties and see what the properties with the highest nightly rate or the highest review/ratings look like and what amenities they offer.