The Phoenix market is a great area to start in, there is a lot of growth potential.

I don't have first hand experience with modular homes but they could be more difficult to sell due to financing.

Second, the brokers who perform these are often brokers with a lot of time on their hands, so the pool of brokers are the LEAST successful and newest brokersThird, the brokers are not educated in the proper METHODOLOGY to perform a valuation.Look, if you as a broker run some comps where the subject property is a SFR in a “cookie cutter” subdivision and the subjects age, style, amenities, condition, are similar to the comps being used, you’ve got a fair shot at a pretty accurate valuation.  

I'm planning to renew the lease starting November 1, 2024.

I am honestly clueless about how to start or make the move.

While I continue working on deals myself, I'd love to get first-hand experience in the realm of syndications and was hoping some people would be open to connecting and discussing their experience further.

In the near term appreciation is not guaranteed, but over a long hold it has been a virtual guarantee as it has occurred for every 12 year period going back to start of price records and the 12 year was the Great Recession. - equity pay down is significant on expensive property.So if using 50% expense ratio, if you are less negative than market rent, you are likely doing better than most local RE investors.  

We have also started using our 401K’s to take loans out to purchase properties.

If you have more than yourself that will need to have access to the CRM to share task or contacts, that's when CRM software starts to make sense.

Do your due diligence on their content first and they will be a good place to start.