It's outside their typical geographical area where most of the team lives and it is in an area they just don't have as much experience in. 

.• Diversify by Market or Property Type: Swap your current properties for investments in different geographic markets or asset classes (e.g., from single-family homes to apartment complexes, self-storage, or triple-net lease retail properties) to spread out risk and tap into new growth opportunities.• Consolidate Properties: If you have several single-family rentals, you could exchange multiple of them into a single, higher-value asset.

Thank you for the explanation Samuel!

Hello Dave, appreciate your explanation & 1031 advice.

UNLESS the investor has deep and specific knowledge and expertise in specific jurisdictions, where they not only know all aspects of the legal procedures, but know the geographical area so well they’re able to identify the positives and negatives of every property up for bid.  

A lot of this, 3 & 4 especially, is geographic-dependent. 

Quote from @James Hamling: @Ken M. you promote: - Buy off-market: ok, obvious reasoning for that, no explanation needed there. - Buy via Sub2: I assume this is to mitigate $ outlay into securing inventory, correct? 

When analyzing a market, I take the property page views divided by the number of rentals and if the # is over 300 your on to something.The easy explanation of MTR is working professionals, relocating families or travel nurses that need a place to call home while in the area.

The state form is straightforward and has a step by step explanation for what each line is requiring.

I appreciate you taking the time to reply and the detailed explanation!