My first suggestion is learn as much as you can about real estate financing and your local market first if you never done real estate investment before especially if your thinking of fix & flip. before venturing more than 1 hour drive from your home.

Taking the time to get everything in order will set you up for a successful and secure investment venture.

If the rents end up being taxable in the organization, they'll actually be subject to maximum income tax rates very quickly - much faster than if you just did this personally.There are groups now starting with "socially responsible" investing - effectively a standard partnership/syndicate that is "investing for good" - that would likely be a better structure to avoid 501(c)(3) headaches in a for profit venture.  

My Glamping venture has taught me this.  2)  Buy quality assets at below replacement cost.  3) Be Patient, and never extend yourself too much.  4) Assume the market will catch up, and be ready to zig when others zag.  

After having your own experience, you'll know what to look out for in a Management company, and I can say this from experiencing first hand.I would connect with other investors that are from Arizona, you can sign a joint venture agreement with them, giving them either a percentage of your rental income or equity, and they will be your boots on the ground. 

Taking time to write out a plan, instead of being handed one; self discipline as opposed to having a set of tasks done before my next check in with the "teacher." are probably equally effective if you take two people with the same level of motivation each prepared to invest the same dollar resources in their venture. 

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Allow time to do it's magic. it has implication though.since long term fixed debt is limited by DTI thus the best approach for savvy investor is to invest to maximize their DTI first before venturing to any other strategy (OOS/MF1-4/syndication,commercial,etc).for example, sometimes in BP is asking something that doesn't make sense, for example, they are renting in CA but wanna start two OOS in Indiana.

I envision a venture that operates with a startup mindset, allowing for nimble operations, yet leveraging my corporate experience to scale effectively without the need for managing hundreds or thousands of employees.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.