@Thomas FarrellRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

The investor either gets a loan or buys the property in cash.

If the tax due is $10k $25K maybe it’s best to just pay the tax and wait for a greet option to buy that retirement second home. 

If you buy regular keyed locks (non-electronic) as Nathan Gesner recommended, then buy Schlage because they have a lifetime warranty on mechanical and finish. 

Buy out partner with Paper.  

I would be very weary about buying another property in today’s market unless you are extremely experienced or have done an extreme amount of research.

I would buy something closer to turn key if you can, even if you pay up, because it will reduce the work you have to do and figure out as a new large-scale investor.

If you had 150k you could buy one 400k property with 8k property taxes that rents for 2500/mo or you could buy two 200k properties with say 3k property taxes per month each renting for 1800.

I had a good friend who went into the ATM business back in 2015 did it for successfully for 5 years and sold the business for $2.5MGreat business to show constant deposits as a business and as a SE 1099 or W2 business to help buy real estate.

Just would like to start building relationships with people In the Phoenix area as well.