li=BBnbklE#image=AA12NPVD|4[1] I own zero of these by choice.[2] I've never stayed in one (yet--maybe in the future) I like hotels.[3] If I did stay in one and it required me to clean it in any fashion--I would bypass that one. [4] I think the cleaning crew/maid will do a better (Sanitary) job of cleaning anything better than the General Public in this type of rental.

.• It is unfounded to group Arizona in with other Western and Mountain West states when it comes to the shortage along the Colorado River because we’re far less reliant than competitor markets.• Only 36% of the Arizona water supply is provided by the Colorado River; Nevada is 100% reliant, its California’s predominant water supply at 60% and makes up 30-40% of Colorado’s.• Arizona is a national leader when it comes to the reuse of water.

You bought from a person who had just purchased from a wholesaler (New Western Acquisitions) in May and you bought it for $85k more.

And while the US (and Western Europe) has heavily backed Ukraine economic development to try and create separation from Russia, Ukraine isn't a member of NATO and none of the Western Powers are committed to defend it militarily.

I would like to buy a 4plex in the Western Mesa, Tempe, Phoenix or Scottsdale: eastof I 17 and north of I 10.Currently I make $67,210 = 48,880 regular wage 18,330 OTI am a W2 employee as a restaurant assistant manager at the Phoenician Resort, Marriott InternationalTo purchase this property I will use a hard money loan to purchase the asset at 10% down payment.My down payment will be financed by a HELOC loan taken out of my rental property 3534 Hartford worth conservatively 375000-207000=168000 in equity or 93000 of HELOC.After acquiring the property I would do necessary renovations on three of the four units.

The methods vary from higher end homes in awesome locations with themes like environmentally-focused entrepreneurs chefs kitchen beer and kombucha on tap, to higher end affordable housing like Padsplit, to old-fashioned, student housing, and low end rooming housings. 

Most of the water in the West comes from snow melting off the mountains, and as the climate warms, our winters are becoming significantly less snowy--this has resulted in significant water shortages in recent years.  ...so, we have steadily increasing demand for water and steadily decreasing supply...who knows where that will lead (History is not without examples of cities booming and busting, and one would think that water availability would be a necessary prerequisite for continued growth).It's hard to know when or how these issues might affect real estate in the western U.S. and the broader market (I'm not an expert on any of these topics, just a casual observer), but it's probably prudent to keep in mind that markets can be affected by more than the typical factors RE investors tend to analyze (such as rates, supply, demand, job availability, etc.).Go Bucs!

I'm just wondering how do you SCALE without buying on the good old fashioned 70% rule/MAO? 

Some of the owners who are old fashioned and out of touch had the ideal that short term rental brought in bad people.

The key is working with a buyer that knows how to analyze a deal quickly and with the ability to structure a deal to close on the acquisition in a timely fashion.