Location: Tampa, FLZoned: RS-50Lot size: 6,969 sq ftNew construction homes in the area are selling for at least 350k.*** Also, this deal has lots of red flags including the immediate 30k price drop, the 10-day fast close & the non-refundable 10k EMD.

@Tj Collins You can 1031 exchange in and out of any state, you can 1031 exchange in and out of any investment real estate - farm land, apartments, commercial, single family investments, new construction etc...The big things are timing on the 45 day window, 3 property rule and closing in a certain amount of time.

We have found success in New construction investment properties, and have found the investors are cash flowing as soon as they are rented.  

When it comes to out of state investing unless you are doing the construction yourself.

So for the investors I work with, we look at New Construction In vestment property.  

One way to do this is to work with builders to move their inventory of New Construction Investment property.

I have a new-construction SFR property under contract, and the seller disclosed that there had been heavy metal contamination in the soil due to mining activity many years ago.

I have a in depth background in construction and tend to understand what quantifies as a major issue more then most. 

Currently under construction on 2.  

I would try my best to fly there once a month during construction and do you think i can trust the gc to handle everything.