Four properties provide diversification, greater potential for appreciation, higher aggregate depreciation deductions, and increased cash flow over time but involve more management complexity and higher leverage risk.

By the way, Phoenix’s rental market has been on fire lately, with a mix of strong appreciation and reliable tenant demand.

My hope is to build a strong network of like minded investors and real estate professionals that share similar goals, values, and experiences to help achieve successful REI deals!

If not, then you really need a strong legal structure stating how these properties will be governed going forward, including management, tenant selection, capital expenses, etc.

Then at the last minute, I had a strong instinct to pull out and did not follow through.

If rates come down at all I predict we’ll be back in a strong sellers market (competitive offers, steep appreciation etc) because inventory is still low. 

People who makes payment on time and every time understand the importance of building a strong credit profile.

-If we saw a significant market correction in the area of 15% or more from peak (which I don't anticipate in this price range) our equity position is strong enough to weather that storm.

If you can make some relationships prior to that with agents in the area who do what you want to, you can find yourself on a team or at a strong brokerage that matches what you want to do.

I would be apprehensive to use it, however, with people without strong, reliable incomes and wealth.