@Jared CarpenterPhoenix is a strong market for home sales and the competition has been pretty strong for the last few years now as the markets have recovered greatly from 5-6 years ago.

Clients will tell us they are glad they did take our advice on this.

At the end of the day, the backbone of every business is pretty much the same: you need a strong, committed team.

If it's to a strong borrower and they just want to invest their proceeds, then its fine.

Then use the experience to work out the kinks and build a strong boots on the ground team.

My client has a property near the hospital where he runs his dental practice and has 6 hospitality units connected on the other end.

@Mitch ProvostFrom my experience of working with over 400 investors, your property near Texas A&M in College Station/Bryan has strong investment potential due to the consistent demand for student housing driven by steady enrollment growth.

If you plan to expand your portfolio, forming an LLC can simplify liability protection and operations for multiple properties.Consult a CPA or legal professional to confirm your tax obligations and evaluate whether an LLC or umbrella insurance aligns best with your investment goals and risk tolerance.This post does not create a CPA-Client relationship.

I never recommend to my clients to be the ones to deal with the tenants unless they have the experience.2.

What I wrote above does not create an attorney/client relationship between us.