so... what if you :-ignored the headlines-were an individual in a strong financial position-bought an STR in a place you believed in and liked to visit, and-were willing to put in some time, effort and funds over 1 or 3 or 5 years?

While most people thought banks prioritized foreclosing on houses that had not made their mortgage payments in months, banks actually prioritized homes that had a lot of equity.

Disclaimer: the numbers are all ballpark to give a sense of the positions being presented.Real estate:The venue itself is a covered space that is considered outdoor but has the ability to be enclosed.

There are plenty of offerings out there that will target 18%+ but you could have the same chance of losing everything as getting 18%.You looking for cash flow play or an equity / upside play?

I would look at other strategies too to open your mind. we do new builds single family and multifamily for investors here in columbus with 20% equity at a min. that strategy takes like 5 calls with investors just to get them to wrap their mind around it because it's sophisticated.

I'm considering diverse options for reinvesting the proceeds ($200k+) from a planned 1031 exchange and am open to various strategies:Las Vegas/Reno: These markets offer potential for both cash flow and appreciation, but I'd need more information on their suitability for mid-term rentals and current market conditions.BRRR strategy: This approach could be attractive for value creation, but I'm hesitant about out-of-state management and require a turnkey or experienced team to handle renovations.Other locations: I'm open to exploring other markets offering favorable investment opportunities, particularly turnkey properties or areas with manageable maintenance requirements.My preferences:Turnkey properties: Minimize management headaches and focus on cash flow.Limited appreciation: While some appreciation is welcome, cash flow is the primary priority.Shorter-term rentals: While Airbnb isn't an option in my current area, I'm open to exploring short-term rentals in other markets.Avoidance of major renovations: My recent experience has solidified my preference for well-maintained properties.Current portfolio:3 duplexes in Missouri (mixed performance)1 single-family home in Memphis, TN (turnkey, positive experience)Questions for the community:What are your thoughts on Las Vegas and Reno as potential investment destinations?

It allowed me to learn what owning property was like, while getting some positive cashflow. 

It's a cool way to learn, build equity, and score tax benefits.

Once you have equity in your first home you can then start to play around with things like HELOC and cash out refinance. 

i would cashout and keep the condo . selling it you're giving up 8-9% . you can cashout to 75% lets say for example . its about a 15% difference in equity and you keep the property