I would recommend working with a good investor agent who can help with all of this!

Your other option is to test it out and see if you can make it work. 

Many investors are adjusting by using more cash or creative financing strategies to maintain profitability.Renovation Costs: While labor and material costs have somewhat stabilized, smart budgeting and working with reliable contractors are still crucial for keeping timelines and profits in check.How has your strategy changed for those currently flipping in Phoenix?

Pending Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I found it to be a great vehicle while I was working a W2 job as an engineer.  

I'm a divorced dad to four and I'm working two jobs and never around to see my youngest.

This works with any type of appreciating property such as real estate, stocks, etcDepending on the appreciation rate, you can potentially see asset values double every 7-14 years.Likely around 7 years if the appreciation rate is 8%Likely around 14 years if the appreciation rate is 4%If you buy something for $100,000 and it appreciates to $200,000, you can potentially take a loan on the $100,000 appreciation which would not be considered a taxable event.However, be mindful that you are paying interest on the loan and you have to payback the loan but yes, it would not add on to your taxable income.

They worked exactly how your retirement accounts are supposed to work but 3 x faster. 

Unless this is strictly a student housing for IU play you would want to be extremely hands on to make this work in my opinion.

There are many markets that this will work great.