We’re interested in purchasing the property and want to acquire the redemption rights by purchase/assignment of the junior deed of trust.

I want to scale but am unsure of the best way to acquire a 2nd property.

Numbers are more doable in the Midwest where you can acquire units for a lower cash and might get 1% or more of return.

Most correspondence lenders will not want you to in addition get a fee.

In addition to my role in mortgage underwriting, I also own a duplex, which has significantly fueled my interest in the real estate sector.

I recognize the simple answer is talk to a REI friendly CPA (which I plan to do), but I'm curious what others have deducted to less their own tax bill if they just acquire a couple LTRs over time. 

In addition to the original profit plus the added profit from your replacement property.Good news is that the 1031 can keep avoiding taxes even through death. 

i have no idea - I don't know anything about you.can you share any additional information about your goals, how many properties you own, etc.? 

In addition, Scottsdale has a limit of only 6 adults per house, no matter how large it is.These restrictions have nothing to do with red/blue states, they are the result of NIMBYs, who are all over.  

Good luck on your journey to acquiring your first rental property!