@Mickey Petersen Like what @Alex Olson said, a 1031 exchange is a great way to diversify and further grow your RE portfolio.

@Jared CarpenterPhoenix is a strong market for home sales and the competition has been pretty strong for the last few years now as the markets have recovered greatly from 5-6 years ago.

For example do you have a great w2 and can you afford to cover costs of a major repair or 3 months of vacancy?

I intend to use it as a single family and it is a great deal.

I’ve recommend all my clients to him in the area for the last few years and they have had great success. 

You’re in a great spot!

@Kevin Waymire - it's great to start thinking about this now.

Hello @Benjamin Blunt,Great advice on here so far.

This way, they’ll have a vested interest in maintaining high standards of management.To truly understand property dynamics and support the management team, I recommend spending time on-site.

@Anthony Sigala that "Rule" was created for mostly Class B properties BEFORE the Great RE Crash of 2008-2010.Values after the Crash dropped so much, that it could also be used for Class A rentals.Values are now more than their pre-crash highs, so the rule now only applies to Class B & C rentals.How are you identifying Class B & C submarkets in your area, so you can properly apply the rule to the right rentals?