@Dale Linenot in a million years.the whole point of investing in RE is to build equity over time.  

For myself slowly building an REI portfolio has worked best. 

Thank youMaricopa County is a strong market, with new high tech manufacturing facilities being built among other industries.

All great advice but most important build your network around you.

If anyone plans on doing short term rentals to some degree or building additional living space, then this is imperative. 

Some buy and hold investors may have outdated beat up buildings that can't be sold conventionally without repair and your flipping operation with the right agent may just happen upon that deal for working with that person.

I would focus on growing relationships and building your core 4.

I hope to be able to continue increasing my portfolio and potentially get into multifamily buildings if possible. 

I am a first time real estate investor trying to build my real estate portfolio.

Found following information about building permits on City Data: https://www.city-data.com/city/Calera-Alabama.html2022: 125 buildings, average cost: $155,700 2021: 216 buildings, average cost: $156,200 2020: 322 buildings, average cost: $144,500 2019: 213 buildings, average cost: $147,600Regarding Property appreciation: This property was sold last november for 269K and there is a similar property on this street that has been sold for 289k on March 12th that is last month.