Advice on spending 400$ k

[Eddie Antuna]

Ok so made 400K ona recent sale of a LTR. I think we have a solid plan to spend the proceeds I think I just want validation. We are doing 1031 exchange.

First: we are purchasing a piece of land for 200k and plan on building a home that we will use for personal use as well as STR.

Second: we are purchasing a STR in Scottsdale

Third: we are purchasing a condo in Nashville that is STR only.

The entire plan was to create more cash flow opportunity.

Thoughts and do folks feel like generally these are good moves to make.

Thanks ahead of time.