Let's see: You sell one property, and to avoid paying cap gains tax, you then reinvest those profits within 45 days into a larger "like kind" property.

Then avoid all taxes. 

@Salome Ditmars there are many out there—but unfortunately there is no centralized repository to locate them.

Thanks BP for giving me the info I need to avoid trash products!

Would you avoid investing in strictly a cash-flow market?

Avoid over-leveraging your home to minimize risk.

Within the U.S. if you want to avoid the bureaucratic nightmares that often follow STRs you will probably want to invest in a well established STR market that already has laws favorable to STRs.

With your short time horizon I'd avoid the coops unless your broker knows for a fact the one he's proposing is easy to get in and out of. 

Anybody here that reserves a townhouse In Palm Bay with D32 Invest builder in Florida for about a year and then they jack up the price by 25% basically taking away all the appreciation? Not a good builder. Stay away. ...

In the long term I expect Miami to outperform CPI because it is a destination location and coastal land is more constrained than inland (such as Midwest, central, etc).