Hi Thomas, My daughter and I manage long term rentals in the Phoenix market and I can say that in the past couple of years we are seeing a trend of people doing exactly what you are considering.

The key is upgrading your life, your property, your cash flow, your wealth.

A key step is also meeting with the City and/or all entities who are involved in permitting. 

While I can’t promote my company directly, I’m looking to connect with cash buyers in key markets such as Florida, Arizona, Michigan, Alabama, Nevada, Ohio, Texas, North Carolina, Tennessee, and Georgia.I’d love to hear from anyone who has successfully built relationships with cash buyers.What strategies or platforms have you found most effective for connecting with them?

Assets identified in this study include:Appliances: Dishwashers, refrigerators, and ice machinesInterior Finishes: ceiling fans, flooring and decorative wall treatmentsFurniture and Fixtures: shelving, counters, mirrors and cabinetsSpecialized Equipment: diagnostic machines and hydraulic liftsSecurity and Communication Systems: key card readers, telephone connections and security cameras30% of the total depreciable basis was classified as 15-year class life.

@Michael Camacci, KP is Key Principle.  

Expertise and Experience: Property managers have specialized knowledge in managing properties, including understanding local market trends, legal requirements, and tenant relations.

typically you will have some skin in the game, if you do the numbers, run comps and follow trends, the probability of failure is mitigated.Don’t be afraid to fail, be afraid not to try.

We aren't zoned for a campground or RV park nor do we want to pursue changing the zoning to that, but keeping it low-key and low-density it doesn't attract attention, nor are we putting massive cap ex into it.

To start real estate investing, learn deal analysis, and understand key metrics like cash flow, cash-on-cash return, cap rate, and gross rent multiplier.