With a 1031, you are reqyired to place every dollar from the sale.Finally, the investment in the OZ does not need to be real property, but could be a company that generates x% of revenue in OZ.Just make sure the location is recognized by the IRS as a Qualified Opportunity Zone.

I am located about 35 minutes from the property I am currently trying to rent so it adds a level of difficulty. 1-Everyone wants to see and tells me "I'm on the way!"

I also can add that I like that area the home is located in and much growth has happened in the past few years there and in my belief will continue for the forseeable future.

But UT and Austin keep growing and becoming better known so getting rent at that location is guaranteed (so a business) and same size houses inthe area are 2-3x the price and newer, much nicer apartments are going up but their rents are higher than mine have to be (moat...another Buffet term/goal).

I am located in Arkansas and really just interested in starting to build my portfolio.

Realtors keep advertising something along the lines of "Location Location Location WONT LAST INVESTORS DREAM", but this isn't selling.Some of them make me giggle a bit by offering a 10k discount off a 1 mil price as if that is going to do anything.

He wanted the pace and simplicity and has been very happy since.The other big driver in terms of the economy and population that I don't think anyone has touched on has to do with DSM's location. 

I own a property management company, which is located in downtown Leominster, that manages my rental property and my client's rentals. 

I established a team at location and would like to bounce my numbers off the BP community and would like to know if I am leaving anything out.PURCHASE PRICE: $195,000PURCHASE CLOSING COSTS $3,000ESTIMATED REPAIRS $50,000TOTAL PROJECT COSTS $248,000AFTER REPAIR VALUE $373,968DOWN PAYMENT $19,500LOAN AMOUNT $225,000LOAN POINTS 2%AMORTIZED OVER 1YRLOAN INTEREST RATE 12%NEEDED FOR CLOSING $25,000/ r

The location is actually really beautiful it is just rough to access in bad weather.