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?

We LOVE the idea of Pre Fab, as it’s potentially fast and predictable.

The asset has great potential and is in need of a severe makeover (mainly cosmetic)... there are duplexes in this area that have sold for the same price point with similar units.This deal is a JV with a fellow investor our firm is close with. 

I would hit up the big ones, New Western and Fair Trade seem to be the biggest that would potentially offer an internship/mentorship. 

I figure it could be a good educational tool and potential for some additional income in the form of referrals, and my own purchase commissions. 

Zillow was always biased toward realtors, but by allowing owners to list their properties on Zillow, Zillow also represented threat to the monopolistic position of the NAR – it was in a way potentially eroding NAR’s stronghold on the market.

Just not sure what to anticipate with what the value could potentially be over the next 5 to 10 years if I hold the property instead . 

If you want to find deals with upside potential, you must be able to move fast to lock the deal and be willing to fight to close.Here is a current example:My son is going through one of these right now.

If you "house hack" and live in one of the units of the building you buy, you could potentially put only 5% down.

When I run the numbers on potential investments in my “monthly debt column” I have; “monthly repair costs”.