I financed this property using down payment funds from 403B and a local commercial bank. 15% down from personal funds. 85% down from community commercial bank. 3yr balloon, 20yr amortization, 7% interest rate.

8%-11% is pretty standard here and as someone mentioned it really just depends on how the company is run.

Quote from @Isadore Nelson: Give the expectation, a deadline, and a penalty.

If you don't already have boots-on-the-ground and a trusted network, it's going to be tougher to do.

If you want to nestle into North Scottsdale, you can get the big house and a decent lot, but it will not be a huge lot. 

Thanks for coming out and joining us - we have some new events and workshops and training that we will be adding shortly - look for a couple of virtual workshops a month and a get started training program to be implemented before the end of the year. 

Climate refuge is a genuine priority for many and a reasonably distanced retreat or refuge has perhaps never been more valuable?

Fannie Mae will allow you to transfer the deed to an LLC if you decide to try to go the conventional route, but the loan would still be in your names and you'll need to pay a title company a second time post-closing to do this  for you. 3) I can't speak for the area so no comment there4) If you're self managing, make sure you find vendors you can trust in the area since you won't be able to easily verify if an HVAC guy, plumber, etc. is trying to rip you off and tell you to buy something you don't actually need. 5) Make sure you have clear alignment of goals and a clear operating agreement that spells out what to do if those goals start to not align in the future since you'll be jointly obligated to these properties. 

I have 2 people that I sometimes partner with on real estate deals.I use a CPA because I have a number of rentals and a few LLCs.

The difference between a 12% return and a 16% return compounded over 20 years will make you sick to your stomach.