Well, all things being equal, you would want to buy the best neighborhood in a stable/appreciating geographic area.

Hi @Brandie Flowers-warren, Yes, one of the benefits of doing a 1031 Exchange is that you can reposition your real estate investments by geographic territory, so selling in Ohio and buying in Florida would absolutely qualify.

They are with me, fair warning though because they hold their loans and they are small fintech company their underwriters require a lot of letter of explanation 

At worst the lender might request a letter of explanation, but that is a minor hurdle. 

 Your question is really bad since there is no consideration to type of accounting methodology usedI am going to assume your company (partnership, llc, S-Corp ) uses a cash basis accounting for the building and not accrual accounting (example and explanation here http://www.nolo.com/legal-encyclopedia/cash-vs-acc... ) since the furnace is considered a relatively large capital expense in the differing methods would be treated completely differently.Also did you use any form of financing on the Furnace?

Luckily if it HAD been an issue, any legal fees would have been paid by the municipality in this case so I wasn't on the hook, but my point is that if you treat tenants with respect and dignity and give them as much notice / information / explanation as you are able, they will be more likely to reciprocate and you won't need worry about the intricacies of the Landlord Tenant Act.  

@EricFernwood, you mention single family homes in gated communities and also townhomes in nice areas, can you tell me specifically which geographic areas I should consider?

If you are looking for a specific type of zoning check the municipal imaps or gis (geographic information system) to see the areas that are zoned appropriately for your use and then use trulia .

If this is not sufficient enough of a recommendation, then I would speak directly to Charles or Kate for further explanation.

Please refer to the link below for a concise, yet simple, explanation of the process..