It looks like it is mainly for networking, although it's virtual so maybe networking won't be that great. 

I’ve heard from many (non-experts) that I’d need to stay for at least 5-7 years to avoid taking a significant financial hit, but that feels like a waking nightmare given how much this issue affects me.Financially, renting it out isn’t an easy solution either.

If I were in your shoes, I would put together a pro-forma for your project that includes projected timelines and returns over time for both strategies (I'm assuming you mean SFH for sale - if you're also considering Build-to-Rent SFH I'd add that analysis as well). 

Not saying you cannot work directly with the contractor but when it comes to pay, deadlines and overall project oversight I'd prefer to have a independent pair of eyes on the deal.Be well!

I'd forgotten about that type of loan. 

I'd love to connect and share experiences and strategies, as there’s so much value in learning from each other in this space.

Seriously, though, I'd replace the couch.

They said I'd be free and clear and account will be closed.

While some get into investment real estate for the tax benefits, I'd venture to say nobody gets into it for the tax compliance and bookkeeping work.

I'd love to hear people's thoughts on the current market and any success/fail stories in the Phoenix area.