Brad's group is based in Dallas, but his students live in and are buying in many states, including Arizona, so if you think you might benefit from such a program, don't rule it out based on your location alone. 

The rule of 5's, or 5% for capex, maintenance and vacancies is going to get you in trouble.

had I known it was going to be delayed like this we would have slowed down the process.with AHP  is suspect when you have a NPN and a ton of them and with all the new laws in all these different states they probably operate in I suspect they are busy figuring out the new rules to the road.  

If I can't hit the 1% rule on a real estate deal then it's not worth my time given my experience and options in the equities markets.

They have taken strides to pave the way for ADUs - here’s the implications for real estate investors.It's crucial to understand Raleigh’s zoning rules for ADUs BEFORE deciding to implement this strategy on your current or future long term rental, Airbnb, student housing, MTR, house hack, flip, etc.

@John Friendas  it's close to the 1% rule which is good, but I would still run the financials on it. 

My rule of thumb when walking with contractors is if they talk more about themselves and past projects compared to what they will do on this project thats a hard no. 

We sued on the second home but don't have a ruling yet.

We have very limited controls, but the advertisers seem to always find new creative ways to get around the rules we impose. 

Short Answer is yes, via interest tracing rules.