The cost of construction and the fact that we live 4 hours away and would be very limited in being able to manage subs and also do some of the work ourselves left us deciding to put that idea on the back burner. 

We scaled up rather quickly in LTR and kind of put STR on the back burner, but the time has come to refocus on STR investing. 

Originally posted by @Joe Gore:You will always have people that will discriminate the Mexican people, but most people don't realize that if you send them back to Mexico, who will work in the fields or wash dishes in the restaurant, and you're not going to get a fat white lazy gringo to work in the fields 10 hours per days six days a week for $10 per hour.

@Jordan DecuirI have made contact with an agent on Linked in and she has mentioned working with me but I am not sure if she is as up to the task as I would hope.Without her being compensated, initially, for some of the things I am asking, I feel as if she is putting me on the back burner (so to speak).I just did the @ and your name but nothing was prepopulated.

Fat chance.There are a lot of people that have REI in Phoenix, and I'm sure they're not buying on this 2% rule.

You need to make sure that you are buying at a high enough cap rate that you have some fat in the deal to tide you over if vacancy rises.  

It's just a time burner. 

READ BLOG HERE The area (44108) that this apartment building was in got a big fat F on my Blog.

I don't work with them if they insist on an exclusive agreement as it means they can literally do nothing for you, put you on a back burner, and if you buy something, anyway, even a FSBO, they still get paid.       

The bank initially pre-qualified them for the loan but then, when it went to underwriting, it was a big fat no because of the no history.