There's so much to learn in the industry, glad you have a plan of how you want to invest.You're in a great market in the Phoenix area, I invest and live in the area myself.

I'd plan to own it about 18 to 24 months.

Dave is a pretty smart guy and at his age levering quality RE for the long haul a good plan.

Just curious of what others think of this Plan B option. 

Could be some type of project manager or general contractor if you plan on having more properties there in the future. 

Hello everyone, I am a new landlord with little experience and wanted to get some insight on a rent increase I am planning on my rental home. 

Master Plan for City- This one is awesome!

New paint, Floors, Kitchen, Bathrooms, Hardware, Windows, Light Fixtures, and Appliances.

My business partner and I plan to fund around 35% of each deal as sponsor/GP, and will raise the rest from our LP's.

Also this opportunity came through a turnkey rental company so there was additional premium baked in and as an out of state investor, I was not planning to visit there and don't know anyone who lives there either.