Parking money in Slower Markets - Mid West, South, high CoC cap?

[Susan O.]

Is anyone doing 1031 exchanges out of markets like San Diego, San Francisco, NYC, Boston and just parking money in slower markets? Or sub markets with higher cap rates?

What are all your thoughts on just parking money in allocation for long term hold like a Detroit, Las Vegas, Orlando, Jacksonville, Atlanta, Indianapolis, St Louis, Memphis, or Houston type of metro? That has a 7-10% return rate or cap rates?

Those areas would be pretty steady no? Compared to places like Miami/ Fort Lauderdale, Boston, San Francisco county, New York City metros

I have about $350-750k that I'm taking out of stocks and just thinking about parkin it in 7-10 cap markets? And holding for 5-10 years? Anyone doing that?