Hello BiggerPockets Community,I am a NY CPA, I focuses primarily on tax compliance and tax planning, and I am interested in investing in the Phoenix AZ area.

If you're going to send them a RUBS bill, odds are after their co-pay, they don't have it.Depending on the income restriction (HUD project contracts are the best/worst), you need to do a lot more compliance paperwork.  

The first step is to familiarize yourself with the specific state's laws to understand where the milestones and triggers are. 

I'm so glad I finally pulled the trigger. 

Normally you would serve  a pay or quit notice in compliance with your state law when someone is late with the rent by this much.

Though, providing additional days may get more of them in compliance.  

I'm not ready to pull the trigger, so I'm happy to put it out to the community.To those investors and agents who are active in the area, am I on the right track?  

Thanks and I will check out the commercial loan option before pulling the trigger on this.

I want to trigger a search when any "listed "property is found 80% under the average square footage cost of properties "sold" within the past 90 days.

It is as foolish to try and time the market as it is to compare 2008 to the early 1990s or COVID in 2020 or the 50% drop in home sales in the late 70s and early 80s coupled with 18% mortgage rates; they are all different and had different triggers.