Are you looking in a specific city/market?

I’m interested in purchasing an investment property with equity I’ve developed in my current home, however I’m concerned that if I have an issue renting out the new home it can blow up in my face.

While this guidance provides general steps, it’s not legal advice; an attorney will ensure the process aligns with your specific circumstances.This post does not create a CPA-Client relationship.

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

What specifically are you looking for?

Spoiler alert- Phx is quite a saturated STR area, and many STR's (although some are doing great) are having major occupancy issues. 

These are being issued by local "nonprofits" who are mass emailing landlords pretending to be section 8 tenants.

Is there anything specific I should focus on during the due diligence process, particularly regarding title and document inspection, compared to a traditional sale?

Things can and will go bad, but once there is enough monthly cash flow generated it will be extremely difficult for that one big issue to put us away or even 2-3 big issues all at once. 

Specifically for the missed items during the review prior to the initial call, as well as the piece on no action plan.