DM me if you’d like, otherwise just know there is no substitute for taking action and calculated risks.Phoenix is a hot market so just look at a lot of deals and spend time there so you get comfortable with the area.

As someone said, there is no substitute for learning from doing, so don't wait for the perfect scenario before getting your feet wet.  

Buy with substitute collateral or a Line of Credit or a partner that has cash.  

There is no substitute for actual field experience. 

If non-judicial contact the substitute trustees.

The feature you are looking for is the class feature because you can use substitute class for property and then run P&Ls for each property. 

You'll just have different types of guest looking for a hotel substitute who are focused on price, cleanliness and convenience. 

You will need an overall design for each room and a punch list of items (that can be substituted for other items as the decorator finds certain things that work well and other things are not available in your budget).Expect your decorator to have to do a lot of Shopping and looking and meeting with you to come up with the right stuff for the look you want.

While an SDIRA can be a great way to increase flexibility and get higher returns with retirement money, it is not a direct substitute for your own investing.

For those of you in the Midwest trying to figure out what Mike means by "impounds", substitute the word "escrow".