So sad...... what is scary too is they only have them 10-20% contained and they are expected to get high winds again which can carry those embers pretty far. you also have to think these fire fighters etc. have been working around the clock and must be exhausted.

There's a lot more competition than previous years, and prices are high.

Highly recommend starting close to you so you can get eyes on the property if you do decide to purchase a true rental. 

very high risk even I only do them with very specific investors in mind and a plan. we dont flip land we develop every one. 

The deduction is optimized as values increase and can potentially offset the entire net investment (including down payment) for high wage earners.

And DIY repairs are not recommended for other reasons: it will take you much longer to complete, depriving you of rental income, and you run a high risk of your wife becoming your ex-wife.Same risk exists if you push your wife into becoming a Realtor or some other real estate activity just for the sake of tax benefits.

High-end properties might require a white-glove approach with customized services, while more modest properties may prioritize affordability and efficient communication.

For example, should we focus on acquiring one high-quality property in a strong market, or would it make more sense to spread the investment across multiple lower-cost units in emerging areas?

Hey Rebecca, I'm a broker and investor up in Sacramento and manage about 100 investment properties (STR and LTR).Many of my clients are high W2 earners seeking "bonus depreciation" to offset tax liability by investing in STR.

Another thing to note, these are high-paying jobs being moved to Phoenix.