@Nathan M kieferI recommend that you get professional financial/tax advice.

And easy to add up the expenses for each property every year when I do my taxes on turbo tax.

From the local Phoenix are folks it seems like LTR is the route to go due to competition.

Then I have to file a tax return for my LLCs.

The taxes are killer though, you're going to lose probably like 30% of your paycheck.

I finally sold it for a small fraction of what I paid for it, but I was out from under the HOA fees and taxes which at about $1,700. per year, which is a sizeable sum for me, and as we know, these fees increase every year.Bottom line is, DO NOT purchase property there for an investment. 

Understand the basics of private lendingResearch real estate marketsDetermine your investment strategy and criteria for loans, including:- Amounts- Interest rates- Repayment termsCreate legal documents with a lawyerNetwork with real estate professionalsPerform due diligence on potential borrowers and their projectsBegin with smaller loans to gain experienceMonitor your investments closelyConsider joining a private lending group for additional resourcesStay informed about real estate trends, lending practices, and legal regulations

You make all of the BAH payments back tax free for you.2.  

I’d love to get feedback from anyone who has been through a similar process, as I’ve received some conflicting information.Here’s the situation:- My lender mentioned that even though my loan-to-value (LTV) ratio is below 80% due to the renovations (currently at 73%), I can’t request PMI termination based on the property improvements alone, since the renovations were part of the initial HomeStyle loan.

One other thing to keep in mind and consider is taxes.