Make sure you have roles and responsibilities set up.

I'm looking to identify a builder with the following characteristics:1) Eager to grow his/her company and reputation in the market2) Has produced at least five high quality builds in Arizona which are at least 4K sq ft  3) Has proven track record of completing builds in a timely manner4) Personal capital to allocate to projects (optional, but ideal)Please reach out to me if you or someone you know might fit these criteria. are you set that you want luxury?

I have one now were getting set that seller rented by the room. 6bd's. 

When we built up the triplex, we set it up so that each of the 11 rooms can be rented out individually (all BR, except 2, have their own bathroom behind an electronically locked door).

A CPA familiar with local STR regulations can definitely help make sure you’re set up correctly!

@Grace Tapfuma Grace, love the ambition—setting a goal like a triplex by the end of the year means you're already ahead of most people who just ‘think’ about getting into real estate.

Text me to set up a chat!

In fact, some of the best opportunities in real estate come from properties that others overlook—distressed homes with potential that just need the right investor to bring them back to life.If you’ve been in the game long enough, you know that distressed properties can offer huge upside, but they also come with their own set of challenges.

Is there any way to basically “lock in” the target building, or is there always going to be a risk that you won’t be able to find the right building within the 1031 timeframe?

Not only does it hurt the returns, it is a very attractive target for ambulance-chasing lawyers and title fraud.