@Scott Stampsi don't know anything about it but i am just curious:what your experience level iswhat you're hoping to accomplish

For example, you might agree to a 70/30 or 60/40 split, depending on his level of involvement.

But at the local commercial level, you’ll have a more in depth underwriting review process  

I can send a million articles, but i encourage you to go to maricopa.gov in addition to the city websites where you will see all the development going on here at a micro level. 

The answer to this will come down to comfort level, funds available, and strategy you are looking to implement. 

There are places that are tenant friendly and then there is California which is at another level completely.Have you thought about buying elsewhere? 

Deviations from the Private Letter Rulings will significantly increase your risk of structuring this type of advanced 1031 exchange.You should discuss this more advanced 1031 Exchange structure in greater detail with your legal, tax and financial advisors to determine your comfort level with this complicated 1031 Exchange structure and the inherent risks involved.

I hate to say this, but if you want to get a job with Yardi as the main software, you will need to start at the entry-level accounting.

Here are some indicators to help you assess a buyer's seriousness:Questions: Serious buyers will ask detailed questions about the property, such as maintenance costs, neighborhood amenities, and property taxesStrong Offer: If a buyer makes a strong offer quickly, it often indicates a high level of interest and intent to purchasePrivate Buyers: If approached by a private buyer, ensure they provide a Letter of Intent (LOI) and proof of funds.  

There is no such absolute rule or mandate for REI - it is up to you on your comfort level with your cash flow versus total investment versus appreciation potential.If I followed that rule, I would have missed out on a LOT of great opportunities over the years.We bought a house in Jones Valley in 2017 with negative cash flow - why?