180 SlipsFuel DocksYacht ClubShowersBy improving facilities I’d imagine slip rentals can be increased.

This means you'll get a good cash flow, but appreciation of the property will be low.In the phoenix area there is more ownership and less renting, but due to prices increasing faster than inflation we are seeing a rise in renters.

Note that a truly self-directed Solo 401k would be exempt from UBIT on leveraged real estate. 

Phoenix is a hot market for housing investors due to its increasing population, healthy job market and steady demand for housing.Why Phoenix?

so would like to start building our portfolio in a State that has consistent appreciation with room for rents to increase going forward."

The end product will be great, as others have mentioned perhaps in other threads, Delta has not increased any of the cost, so there is still a huge equity upside.

To increase views, go into your listing periodically and lower the daily rate for the week or two after you have an expected vacancy, but increase the nightly rate after those two weeks so that you are still getting your target monthly rent.

Wishing you the best as you navigate your journey—I’m confident you’ll make great progress! 

Also keep in mind as time goes on typically your yield will increase because of the rent growth. 

You can simply request a separate check for the $100 increase to bring the total deposit in line with the new rent amount.