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?

Was this something you looked at or was it hard to find information?

I am wondering if anyone else would continue with the deal knowing this information.

Welcome to BP, you'll find a lot of differing perspectives, and tons of information.

It's made those decisions on whether to host a guest with no reviews a lot easier when you know you have recourse to deduct their deposit if they misbehave.Get a good cleaner who communicates with you. 

Furnishing Decisions: Consider purchasing essential furniture and appliances for common areas and shared spaces.

To which made the decision to back out, and our realtor sent a communication to the builders.

You may have already made your decision on this cause the thread is a few months old.

There's a question at the bottom: "What information must I provide in order to obtain my most recent I-94, travel history, or compliance check, or to apply for a provisional I-94?"

The first step is information gathering and researching markets.