In fact, I’d like to turn the primary into a rental and then house hack in a multi-unit.

There is so much MORE work involved as opposed to buying a fixer-upper and rehabbing that!

I am planning on doing a flip or a build in Phoenix in the next one to two years. I'd love to hear people's thoughts on the current market and any success/fail stories in the Phoenix area. Thanks in advance!

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

Is your $$$/mo CF a true CF, or is that your net right now without any maintenance coming up?

House hack if you can, pool funds for a local investment if you can't (get an agreed exit plan in place first).Remember, you may not even like being a landlord.

Sold in 2022 for 3x what I had bought it for.

I also purchased the "training/coaching" and received very little support and what I did receive was not very valuable.

The money needs are not great and the cost of bringing in investors etc may exceed what is justified for such a small deal. 

Not really a tax question as the membership % decides who does, gets and deducts what.