@Yael DoronHi - I don't invest in Phoenix but was just curious if you already own real estate and are looking to expand into Phoenix, or are brand new.

As you know in many real estate deals, the money is made at the buy.Personally, I'm focused on off-market deals where we can create value.Curious—how did you frame your offer to get them to drop without hesitation?

Knowing your current state comps is a great place to start and a real estate agent can help pull those figures quickly. 

"Pasadena Real Estate Investors Meetup Group".

How does a new real estate agent become a successful real estate agent?

With that strategy, I'm not a real estate agent BUT I am also reading a book called "BUY, REHAB,RENT, REFINANCE, REPEAT.

If you spend the entire $300k restoring the property, then here is the end result:- deductible casualty loss of $50k- no current tax- the restored property has $0 basis and cannot be depreciated- when it is later sold, the entire sale price is taxableMechanics and reporting are tricky, and I would not recommend to DIY it, especially since my scenario is over-simplified, and your real scenario is likely to involve more gotchas.Thanks so much. 

Land flipping is SOOOOOO much eaiser ..

Real estate is always evolving, and what works in one market might not work in another.

This is where it pays to consult with a real estate attorney.