It's completely feasible to achieve enormous levels of success investing out of state - but keep in mind that when you get involved in a deal that is not local you're losing some control, and your visibility & oversight of the deal is dramatically diminished.Unless you're buying a turn key or getting into a PPM or some other commercial investment vehicle with a group that is managed and regulated, you may want to consider keeping it local until you've gained the experience and knowledge, and developed the out of state relationships necessary to be successful from a distance. 

However, I'm wondering if I am missing an opportunity here, if anyone has knowledge of the potential pitfalls, or if there is anything that could be misconstrued into a legal issue.

My thoughts were always to perform a 1031 into new real estate that returns more in rent (by more properties) and also to avoid the capital gains taxes to utilize the full equity.

They will both cash flow well, but don't really provide the opportunity to gain the equity to get my family to our long term goal of being financially free within the next 15 years. 

They will both cash flow well, but don't really provide the opportunity to gain the equity to get my family to our long term goal of being financially free within the next 15 years. 

Sometimes legal descriptions in sales can be confusing verses actual addresses.Do you know who it is?

Advice of how to legally write the contract for wv as "subject to"

In that time, I've also built up over $200k in equity, so selling and realizing the gain and rolling into another investment is also an option.Again, the market has spiked a lot more in recent years.

Maybe there is even someone who would like to gain a foothold in the European real estate market as well. 

We’re trying to figure out how to avoid the short term gain tax implication of the sale since were in the highest bracket and that will basically eat into all of our profit.