If you hire a PM, your financial account structure can be simpler.If you plan to continue purchasing rentals, I like some key accounts at the "management" level (income, opex, tax, owncp, reserve) and only have 1 checking account per property to prevent having 100 accounts and unnecessary complexity.

If you haven’t already, I’d scope out the municipalities around town.. from what I read in The Economist, the Phoenix metropo area continues to rank high for job growth, which usually bodes well for new builds.

This in turn will kill your exit strategy if you are not doing your due diligence and playing conservative.

Thank you Don for continuing to share your experience........

That will also play into it.

The play book as you described is an old one when it comes to marketing themselves nothing different than what the how to trainer do.

Jacksonville and New Port Richey continue to show solid demand for long-term rentals too.

Another positive fundamental of the multifamily sector is the continuing trend of return-to-work policies.

We know they’re hard working and would like to continue working with them rather than move toward foreclosure, but we know they’re in over their heads if we continue under the current terms of the mortgage and don’t want to set them up for failure. 

Interest rates atm seem quite high so will ride this out a bit longer (and ratios will continue to improve over time.)