Nothing is ever the tenant's fault and the system always blames the owner/PMC.This is why we record EVERY phone call, save every email and will NOT allow our staff to use personal cell phones for texting.

Quote from @Fred Scott: Sunrise Capital Investors - Mobile Home Park Investment FundI've seen a few posts about them here but none of them actually talks about what the actual annual returns have been.They are advertising heavily for passive tax deductions which is fine but what are the actual returns over a period of (say) five or ten years?

He tells you to pay him $5,000 (or much more) to learn all the "secrets" that made him wealth, but then he doesn't tell you that his "secret" was to increase earnings, reduce expenses, save up and invest.

To make a long story short, for one property you are not going to save $ in the long run and realize materials can take 6-16 weeks to arrive. 

Video walkthroughs and establishing a trusted boots on the ground are just as good plus save me hours and hours of driving!

So far, I’ve worked on automating things like tracking expenses, sending out emails, and setting reminders for important deadlines.I’m wondering if anyone has any other suggestions for tasks I should look into automating to save time and streamline my workflow?

Also Seller hasn’t paid property taxes in 2 years which is a sign the property is in distress.

Are there any Depreciation recapture or capital gain Tax dispositions that need to be resolved with the exiting member?

Finally, short-term rentals can offer potential tax advantages, as many expenses associated with the property may be deductible.

Phoenix contains a rare combination of elements that have created an outstanding market for distressed property investments, including the following:Cost Savings: Distressed properties are sold below their market value and enable investors to take hold of properties at a trifle compared to traditionally listed properties.Strong Market Fundamentals: Being among the fastest-growing cities in the country, Phoenix ensures a high demand in housing and rentals, hence good potential for resale or income from rentals.Value Creation Opportunities: Most distressed properties need renovations; thus, such situations present opportunities for investors to increase equity by adding value.Population and Economic Growth: Phoenix remains among those cities in the country which are attracting more and more residents and business; therefore, this presents good, long-term appreciation possibilities of property appreciation and income creation.Challenges to ConsiderWhile the rewards can be great, distressed property investment is not without its challenges.