It was on the market for 5 days and I had all cash (my LA down payment was enough to pay cash for a duplex in Richmond).I spent a long time considering this and being concerned about various different issues - counting on my sister in law, owning in a place I have only visited a few times, relying on contractors etc. who I am not familiar with.

It would also 'hopefully' count as a business trip when I go to check on the property with some preplanning.

I visited several of these cities during a cross country trip and that does a lot of good for "gut feelings" so it seems somewhat random what class a property ends up with sometimes.

I'm in the process of closing my 3rd prop (not counting my primary residence) but its in Garfield.

Just be careful not to cross the line.

The short answer is that the percent/value of the replacement property that you live in will not qualify toward your 1031 Exchange reinvestment requirements, so only the portion that you rent out will count toward your reinvestment values. 

And you will have a fixed number of mortgages per person, but your wife gets her own count too.  

Please comment on this post or shoot me an email to let me know if you will be attending so I can give them a better head count.

The locations that can historically keep up or beat stocks just buy and holding, you can count on two hands like LA or NYC.

Yes, it is like cross fit with no membership.