If not rented at fair market rent, this property will just count as your residence, not a rental for tax purposes.Structuring the property under an LLC or land trust could trigger a due-on-sale clause, so check with the lender before proceeding.To minimize risk, consult a CPA for tax strategy, weigh financing costs, and draft a legal rental agreement.

Some of the most in-demand upgrades include:✅ Modern, open-concept layouts – Knocking down walls to create larger living spaces✅ High-end but cost-effective finishes – Quartz countertops, LVP flooring, and neutral color palettes✅ Energy-efficient upgrades – Smart thermostats, updated HVAC systems, and LED lighting✅ Curb appeal improvements – Fresh exterior paint, desert-friendly landscaping, and modern front doorsFinal ThoughtsWhile finding a property that offers both appreciation and cash flow is tough, there are still solid BRRRR opportunities in Phoenix if you know where to look.

Expanding Seller Targeting – Reaching the Right PeopleInstead of focusing on one seller type at a time, we stacked multiple high-motivation lists:✔️ Absentee Owners – Often ready to sell✔️ Pre-Foreclosures – Urgent need for fast cash sales✔️ Tired Landlords – Burnt out from rental headaches✔️ No HOA Properties – Easier for investors to flip or rentBy broadening our reach while tailoring messaging per seller type, we ensured a steady flow of highly motivated leads.2.

I knew that the property would be easy to sell to another investor or owner occupant, as it was affordable and a 3BR/2BA of 1,650SF so it checks the boxes for many prospective buyers.

I use an excel sheet I created that includes the date, REPS category, property, description of activity/activities, the people / tools of the activity and the hours spent on the activity.

I would think this model works best if the property is close to you.

Are you looking for more cash to invest in something new or for more cash flow from the property that you're refinancing?

Partner Driven, alongside Jerry Scott and Chad Wolfe, transformed the property, increasing its value significantly.

In particular, I’m a huge fan of the South Side of Chicago or Northwest Indiana for cash-flowing properties.

You may also consider the power of a site like prop stream where you can see who owns a property and which other properties they are linked to.