Phoenix real estate opportunities

[Scott A Holman Jr.]

Hey BiggerPocketers!

My wife and I are interested in building our real estate portfolio staring from zero. We’re in Phoenix/Scottsdale area and I had the idea of killing two birds with one stone, mainly to wet my wife’s appetite for money, income, and FI. I suggested to her that we buy a home for her father (my father-in-law), have he and I do the rehab, and he’ll live in it after rehab, we should be able to get a small amount of cash flow once done. Alternatively, buy a fixer-upper, rehab it, then 1031 the profits into something nicer for him. I have lots of ideas but no real direction. Help?!?! Don’t know where to start. Where are there opportunities in out “hot/inflated” market?

So much appreciated,

Scott