Buy a copy of James Dahle's Asset protection book for doctors he runs a company that sells financial education books and courses focused on doctors (White Coat Investor).   

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?

If I can't manage remotely my next plan was to hire a PM company to handle things.So far when doing my research it sounds like you can own a STR in San Diego in their "Tier 3" category.

When they do that, the insurance company will mail you proof of coverage, saving the tenant the trouble.

"No road is long with good company" 

although to fall to 592 I would have to think you have some lates or something.. but anyway.this is why HML exist in the first place or PML they are both the same. once you get this straightened out you may want to consider using those company for your debt if your going to refi and keep these. 

If that does not give you the answers, hire a GC or Foundation Company to take a look.Ask the seller for the SOW on the remodel, see if they will share.

New roof, solar lease company to remove the solar system, then replace it.

I know this company has a bad rep with some people but here is a reason they are one of the biggest wholesalers in the nation and they have always treated us fairly and been very straightforward with us.

Look for recently rented units to get the most accurate picture.Rental listing websites: Utilize platforms like Zillow, Trulia, Craigs List, (In Utah, KSL), Facebook Marketplace, or Rentometer to search for comparable rentals and analyze rental trends.Local property management companies: Contact local property managers for their insights on current rental rates in your area.