We realized we cannot continue this model going forward in our investing career in an expensive market and expect to cash flow.As a Marine Officer, my brother spent time in North Carolina for training and figured we starting looking into this market to see if the BUY & HOLD strategy while cash flowing works.Are any of you currently or have had success in this market using the BUY & HOLD strategy while cash flowing?

The regular Tom, Dick, and Harrys and the everyday Sally, Mary, and Susies I find here at BP who do not offer training of any sort are constantly handing out lessons that I feel absolutely blessed to receive. 

A lot of new people find it difficult to do "hard things" and talk with motivated sellers, but we military folks are trained to do hard things. 

That way they feel like they get a discount and I get to train my tenants.  

As long at they LOOK like they're doing a bit better than the next guy...So forget the real estate training and investing for now and figure out what you need in a life partner to succeed going forward.

Phoenix is showing 5,576 STRs holy cow .... so it has nothing to do with the recession I guess, but it's more of a saturated market with declined visitors.Scottsdale is a tourist city ( resorts, golf, sunshine, car shows, football, spring training and a stop over for a lot of people headed to the Grand Canyon).

Whether or not your tax professional is filing on a schedule C or not depends on whether you are materially participating in the on-going intensive management of the property.

You would have ongoing filing requirements with the State and would need to keep business records and documentation.

@Zachary Lee welcome to BP. i love riding the train out there.

They can take a lot of training but are great if you have good systems in place.