if you can finance, do it... going all cash in real estate rarely makes sense. my highest net worth clients know you achieve wealth by borrowing/leveraging money at a low rate.

That means a column on a spreadsheet for each property (tax number) and a comprehensive list of items on the row side of the spreadsheet.I want to look at what my exit strategy is for each building.I want to know why he is offering seller financing and of course if it's a fair price, has title reports and is done through escrow.I don't need a real estate agent, but I would have inspections done to look for something I night miss.I want to know if buying the lot and selling off a portion makes sense.

I have heard people on these forums talk about using the Nest thermostat to set a maximum low + high temperature, to keep guests from blasting the a/c or accidentally bumping the heat up to 98. 

I've tried to make my own spreadsheet which makes more sense to me based on my current understanding of deals.

PHX is in more of a flipping market than renting market atm, so that game-plan makes a lot of sense. 

Does it make sense to take this approach if we don’t plan on owning and managing a ton of properties? 

That made zero economic sense, but I sure enjoy looking at it when I’m there.

The house hack approach makes sense otherwise.Think about cash reserves.  

I have seen more and more people put houses that should only be a long term rentals into service as a STR, as well as paying prices that will not cashflow. 

Super helpful and makes sense.