What about property tax prorations. 

Warning:If you depreciate a property down near zero and then have to sell your property at a loss during a situation of distress...You could end up giving all the proceeds to the bank AND owe the IRS a big chunk of money for recapture.Long-term tax planning with real estate needs to be coupled with risk management and making sure you don't lose any properties.

If I were in your shoes, I’d focus on house hacking in Phoenix by exploring multi-family properties or using the BRRRR strategy with undervalued single-family homes.

@Tyran BlockMake me under 25 again and I'd look to acquire a 2-4 unit property with an FHA low-down payment mortgage.

Held for 1 year, completed updates, the property appraised enough to justify sale.

- Property Managers that you would highly recommend? 

@Daniel GrantzRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I would make improvements to the property only when doing so would cost less than the value added to the property.

This provision, through the Affordable Homes Act, make ADUs legal BY RIGHT in any single family zoned property in the state.

JimGo to the city’s assessor’s website and look up the property record.