Consult with your attorney or accountant to see what can be done without triggering unintended tax liability.

I'd like to pull the trigger in the Phoenix or AZ area, but I'm having a tough time finding deals that fit the sound BP REI mold.

I spoke with Aaron Chapman and I strongly suspect he can get you where you want to go...though I have not pulled the trigger with him (due to my family's ongoing medical crisis).

If you don't pull the trigger, no matter what self employed business you're in, you'lI never succeed.

Haven't pulled the trigger yet on a purchase because our money has been tied up in other short-term investments (private lending).How long after you purchase an investment property do you take out a HELOC?

Other than the aforementioned issue with cash-flowing, I analyze a ton of possibilities, but I have yet to pull the trigger (I have had one rental in Hazel Dell for 5 years though).  

Two investors I know both have had issues with work and just tonight I spoke to someone who said they just couldn't pull the trigger as there was so much variation in quotes which I understand for someone unfamiliar to the cost of a renovation and sub-trades.I feel so much safer investing close to home in Vancouver where I can drive by the asset and have more control (as a contractor and as an investor).

I started following BP this past year and pulled the trigger on a multifamily 4-plex here in Phoenix. 

Also consider fire safety systems and security systems. that's a good point. imagine if the original owners were not forced by the city to install sprinkler systems and the new one is forced to if it triggers an alert with the city. that would be a deal breaker.keep in mind upkeeping exterior on a highrise is crazy expensive. u need cranes, lifts, etc, etc..

I pulled the trigger a little over a year ago on a part time flip.