I just want to compare the real estate and stock market investment.

- You or the PMC can get 3 bids, but who is going to know how to accurately compare them and understand if something is missing - that will require more work+charges once the project has started (a standard tactic by many contractors!)?

If you compare it with growth from Stock investment you will be disappointed.

Properties are sitting on market for a bit longer now that supply is slowly creeping back up. 50 days isn't too terrible compared to the greater PHX area. 

@Tom Rairdon If you’ve owned your short-term rental (STR) for over a year, it likely qualifies for long-term capital gains (LTCG) treatment, taxed at lower rates (0%-20%) compared to your 33% ordinary income bracket.

**Maintenance**: Be prepared for a bit more wear and tear compared to market-rate rentals.

Isn't capital gains tax rate lower than income tax rate for comparing basic CD income vs continued property (hypothetical appreciation?

Experience Purchasing from Non-ProfitsPurchasing property from non-profit organizations often involves additional considerations compared to typical transactions:Decision-making process: Non-profits often have a board or committee that must approve property sales.

You can find comparable sales in 2017 and use that dollar/acre figure to arrive at the fair market value then. 

You're very under leveraged compared to most investors trying to scale.