Luckily the market had moved in his favor so he was able to sell and didn’t lose that much money.

What's your criteria for the market you're interested in? 

Why ask: A mentor who is actively involved in the market is more likely to offer relevant, real-time insights, strategies, and lessons learned.

Before getting started, I’d recommend focusing on three key areas:Strategy Selection – Understand the different investment strategies (BRRRR, short-term rentals, etc.) and determine which aligns best with your goals.Market Research – Study the market you want to invest in, including property values, rental demand, and economic trends.Laying the Foundation – Take proactive steps now that will set you up for success later.

Hey everyone, I've been thinking about getting into the arbitrage space for awhile and midterm makes sense for my market.

Until the lease ends and then the legal notice time in your market has passed.

You can ask your CPA on the cost segregation short term rental loophole.If your partners credit is bad but you have cash, you can just cosign for the loan or go DSCR/hard money.Dayton is a solid market for BRRRR investing.

I won't be out-marketing anyone. 

on the one hand, if you're happy with it, and you believe in this market, and this is what you wanted, great. the fact that you're asking the question shows that you're being thoughtful about it.with that said, it sounds like you're into the deal for almost $90K out of pocket, and so if you asked me if i would put $90K of my hard earned cash into a property to get $175 month, the answer is no. 

With that said Phoenix had one of the highest home price declines in the last market down turn.