That 4% cap rate on in place financials is a lie.  

I saw Macon in your subject line and just assumed Georgia!

@Argel Algura.Congrats first on your last.year and how much you have accomplished in a short time period. 

With on market deals like this, there are two scenarios: 1) you see something that no one else sees OR 2) everyone else sees something you don't

As far as home office no longer being an IRS "red flag" I guaranty that if you put a home office deduction on a personal return on Turbo Tax it will move their audit risk needle.

Thanks, Jim Rice in person or online?

Stay disciplined and avoid rushing into deals without thorough due diligence.Resources for InvestorsIf you’re new to investing in distressed properties or looking to expand your portfolio, consider leveraging resources like:Local Realtors: Realtors specializing in distressed properties can assist in locating off-market deals and navigating complex transactions.Community Forums: Attend a local investor meetup or join online forums for the Phoenix market.Educational Tools: Search out webinars, workshops, or courses on investing in distressed properties.Final ThoughtsThe distressed property market in Phoenix is creating some excellent potential for the right investors willing to go the extra mile necessary to take on strategic risks associated with this category of real estate.

Depends on the city & airport. 

Gerard uses Appfolio to manage everything which is nice because of the online tools.  

There are experienced PM's on here such as myself willing to coach and give advice.