Given that you will get the money tax free gives you a chance to hunt for an investment that does better than what you currently have.As for what to look for?

If there are many listings in the area that have only been on the market a short period this could be an indicator of a large influx of new rentals in the area or it may indicate that there is a good chance of getting the price you are hunting for. 

I am on a hunt to find the best SFR's and Multi rental deals based on the following: Cash on Cash Return, Gross Rents Multiplier, Gross Yield, Cap Rate, Debt Coverage Service Ratio, and Internal Rate of Return (10 year). 

Pulling the numbers by hand from Zillow/other sources (FSBO's, don't forget "Make Me Move"), or pulling the data with Spokeo/Intellius/Google unless your MLS gives you seller contact info for expireds (AZ does sometimes, or you can hunt it down in tax or county records).We use Mojo, and download our Expired data from Zapier every morning.

Good hunting!

If it is vacant land I would want you to let me know what I could do with it - good hunting land, SFH developement, Commercial, etc. 

**with all that being said, I'm on the hunt for a great, experienced multiplex RE agent in my area and a finance guru!

Garret Shoot me a note when you're in Seattle and we can tag up for dinner to discuss deal hunting.

Happy MLS hunting!

As you're already thinking like a businessman, I'm sure you already knew about it.Good luck with 4-plex hunting.