In my opinion that life wouldn't be worth the sacrifice.

The deal will leave the seller at your sons mercy for decades (the life of the loan).

But the GP made there money setting the deal up front and not so much thru the end cycle.  

Life started moving fast as many probably can understand and I completely fell of track.

Quote from @Scott Hertzog: Hey everyone,I am coming into this game a little later in life.

They'd also probably be more aware of how much water, gas, or electric they are using when they have to pay the bill after each cycle.  

I would like to find a mentor/agent who has experience with Foreclosures (HUD) who would be willing to answer questions and work together in the Phoenix/Scottsdale area.I'm on a new journey in life and finally taking steps in the Investor direction... something I should have done a long time ago.

If you want good cash flow but amazing appreciation potential and rentals you want to hold for the rest of your life, I would definitely consider Columbus!

I know you want to go full time and jump in, but I'd recommend staying with your day job as long as you can - it makes your life a lot more comfortable to have a steady stream of income to pay the bills every month!

But if you're able to figure it out and get it built, you can rent out the units and essentially BRRRR it and pull some/all of your equity out to repay your debts, yourself, and potentially keep the investment cycle going.