I’m looking to cash out on my businesses in the near future and move back to Phoenix and start investing in real estates.Phoenix is where I would like to settle in because I have a lot of family there.Currently have a property in Long Beach that I owned with another partner, it is generating a good positive cash flow and has appreciated a bit since we purchased it.

Your tenants will likely have children and when they leave all hardwood floors may/will likely need to be refinished.At $2200/month on a 350K property you will not likely have much if any positive cash flow so it would be wise to keep your expenses as low as possible.

Hi LaVonna,I'm kind of in the same position.

I managed the rentals myself up until early this year when I hired a property management firm in order to get some free time back, have some backup so I can go on vacations again,  and in response to the hostile political environment towards landlords in seattle.My long term plan with REI is to get to a large enough door count such that with sufficient equity the net cash flow is enough to live on comfortably  (which I would define as matching my current gross software engineer's salary).    

But you should know this going in..that area is slightly too far from the new developments to be positively affected by it in the near term.

Account Closed Each investor's perception of a deal is different based on their current position and future goals.

@Kyle MitchellGot it, I think if you're relatively hands-on (20+ hours per week), you'd be in a good position to something on the smaller end of commercial.

Seasoned rental property investers do not buy a rental property, instead, they buy the positive cash flow the property generates. 

It sounds like this is shaping up to be a good investment property, in an area you know well and have observed positive trends in, so if as long as you have a little cash reserve for unexpected expenses (always pays to be prepared for the worst) and you've accounted for all the regular costs, then this may very well be a go!

The baseplate on my circular saw is 1.5" from the blade, so its easy to position the fence.