I'd really appreciate it if the community could review my plan and share any insights or potential pitfalls I might have overlooked.

It is extremely difficult -- bordering on practically impossible -- to use a 1031 exchange to move gains from the sale of one of your existing properties into a property that you already own. 

Pretty common practice here. 

My main concern is I want to make sure I offset any liability in perhaps the slim instance a tenant tries to sue me for potentially slipping and falling themselves or for whatever possible reason really.

Understand factors like demand, supply, demographics, and economic trends.Diversification: Spread your investments across different types of properties, locations, and markets to reduce exposure to risk.Financial Analysis: Conduct comprehensive financial analysis, including assessing potential rental income, expenses, and cash flow projections.

Cost of moving furniture, potential damage to it, can be costly.

Hello,We were considering buying MF unit <4plex ideally > and were considering Arizona or Nevada as potential options.

Do you foresee potential growth in West Sacramento over the next 5 to 6 years?

Any form submitted after the closing date will be deemed by the IRS to be untimely and require that the mandatory withholding amount be sent to the IRS within 20 days of the closing date.As a practical matter, all of this has two key impacts:1031 exchange Buyer of a foreign person’s real estate – As the 1031 exchange Buyer of a foreign person’s real estate, you would be required to withhold 15% of the fair market value of the real estate, typically the purchase price, at the time of closing.

They potentially could have gotten rid of #1 and took #2.