Is there any sort of natural expiration date for an offer letter?

It was just sort of all the same, with the exception of a few busy roads where there was a large mixture of residential and converted commercial properties (buildings that were originally purposed for residential, but now zoned commercial).I did by chance pass by one Commercial property that had a very well maintained and remodeled house with a separate converted garage.  

Yes my money would buy more during a downturn but on the flip side if a downturn happens in a year or two I'd have missed out on a year or two of cashflow tax free income.Anyway, the thread is threatening to go off topic so I'd appreciate it if we can sort of stay on topic of how to buy buy and hold for cash flow in Phoenix now rather than whether or not real estate investment is a good idea or not. :) Jeff, I'm not sure it's possible to get houses 20% below market easily in Phoenix now.

To buy a property or perform any sort of repairs, you're going to need cash in the bank. 

I've started using dog walks in the morning/evening as well as my ~2 hour roundtrip commute to listen to all sorts of podcasts. 

This landlord/tenant scenario has crossed all sorts of lines and boundaries.

What sort of financing options do I have?

I don't see a restaurant/bar/coffee shop being opened up there.... has to be some sort of office, like a RE office, a law firm, or something of that nature, and limits its potential tenant pool....I really really like this one and see big potential in it....

I'm wondering if anyone has any experience in some sort of partnership arrangement where multiple partners have equity stakes in the deal, but only 1 person owns the property.For example, I'm thinking about buying a property to flip.

I mean if the inspector can inspect from the street & they have some sort of rock bottom rebuild amount they cover me for during that 30 day risk window until a more thorough inspection could be performed... maybe something like that.