If you're set on long term single family investing in the Phoenix area, you might consider ways to enhance your cash flow, such as:Vacation rentalsStudent rentalsGroup homesOffering lease options / seller financing

Yup, that new…ANYWAY, I’m looking for advice on an idea I have about renovating a space for a future tenant.We have a commercial space with 4 offices sharing a shared waiting room.One of which my business partner (and wife) operates her therapy practice out of.We were approached by an established massage therapy practice who is interested in renting all three offices.My wife doesn’t feel like she wants to be the only metal health therapist in HER building.

The Garage was a hair salon, and the house served as a Day Spa with massage therapy and sauna.  

I also think creating additional cashflow income to better enhance your own real estate income makes even more since. 

Alex, there are many reasons for getting you license, and I'd suggest you consider whether you're intending to use it to enhance your investing career, or if you would like to use it for the purposes of being a Realtor?

Finally, depending on your return strategy and risk spread, different markets is something you may want to consider, for example you may want to spread your eggs beyond your immediate territory to enhance your buyers market experience, I know I may open up a bag of worms with my next statement, but consider turnkey operators in different market to help enhance your buyers market experience.

I have a spreadsheet I use that I massaged for exactly this purpose.

Yes I am extremely happy,one thing you need to look for in Memphis most people are poor so do not buy high end Homes gets something around 50 to 60 k I think that is the sweet spot .if you want the name of the company send me a privet massage thanks

I am working hard to enhance my knowledge of discounted cash flow modeling for portfolios/complex capital stacks in ARGUS, CMBS securitization, syndication and commercial construction/development.   

However, we have a dream of living in the US to enhance our ability to reach financial independence sooner while providing a better life for our future family.