It is a little over a hour from where I live and would like to house an Army family.

If your family qualifies, you can offset your active income with your real estate losses.

Lots of rundown single family and multifily properties that can be fixed up and rented for a good return. 

I have a multi family that has a separate 1 acre lot attached to it by mortgage.

Anyone successfully doing the Brrrr strategy on single family homes in Phoenix?  

I’m sure a lot of you know the market is booming here and it has been difficult to decide which route I should take that would make financial sense and put me in a good spot to build my portfolio moving forward.Here are the current options I’m considering: • Option 1 House Hack: Purchase a multi-family, live in one and rent out the others.

Your tenants will either pay market rates or move in with family. 

Account ClosedI will talk about the market I work in because my family and I invested here long before I became an agent, and I am still extremely bullish on the area. 

What's with all these "Multi-Family" properties on the MLS, but then you click on it and it's just one side for sale.

I think you would want your family to have access to money as well since there are payments due and a lot of money might be tied up in probate (this could create an issue) - life insurance and/or a shared business account could allow for payments to be made until the regular accounts are easily accessible