With its rich history and revitalizing economy, the city offers unique opportunities for long-term growth.

🔥🔧And you know how we're always chatting about the importance of understanding market drivers like rents, population growth, and job growth?

Cosmo - I personally don't know Phoenix well, but if I had to do this in another city I would look at income levels, crime levels, and population growth (if you can) by zip code and/or area within a DMA as a starting point.

Then generally the best advice is to buy in the best area that you can afford, even if the cash flow isn’t as good in year one you will get more market appreciation in equity and rent growth in the better area.

With all of the new construction close by, I think there is a lot of room for valuation growth and appreciation.You are looking at your numbers wrong. 

Using a self-directed Roth IRA offers tax-advantaged growth, but choosing the right account type is essential.

But in reality, holding on too tightly limits growth, causes burnout, and actually costs you money.Why Letting Go Helps Your Bottom Line✅ Frees Up Your Time – Instead of handling every single tenant issue, you can focus on strategy, acquisitions, and big-picture decisions.✅ Allows Specialists to Do Their Jobs – A leasing agent will lease faster than an investor juggling 10 different tasks.

This would allow you to indefinitely defer all of the tax if you sold, and use the tax you would have had to pay, to purchase something nicer in an area with a greater growth potential.   

In high barrier markets, rents have gotten stronger but not the double digit growth we had seen, which was an anomaly.  

Nashville is a fantastic market with strong rental demand and long-term growth potential.