Price is high but it's nicer than almost everything else on market.

Meanwhile, rehab costs kept rising like a bad stock chart.The Budget BlowoutInitial est.: $80,000 per duplexActual: $807,000 total– $161,404 per duplex– $80,702 per unitEvery dollar over budget came from me—no extra bank funds.

Because they are highly motivated hustlers and are confident they will be successful.  

So I’m really interested in hearing what areas near Phoenix you think:– are on the rise,– have adjusted in price with the cooling market,– or are good long-term holds where I could also live comfortably.Which areas/cities/zip codes in and around Phoenix/Maricopa county would you target with a ~$400K budget for a house hack with appreciation potential?

We are seeing crazy high demand on the brick 2 units where they even sell close to same prices as 3 and 4 unit buildings. 

Every improvement was designed to bring the property up to market standards, even though the rising costs and shifting comps ultimately affected the final margin.What was the outcome?

You’re not alone — a lot of owners are in the same position right now with rising costs and shifting STR regulations.I’d be happy to take a look at your numbers and walk you through your options.

Buy a small multifamily and move out of your apartment.

MHP have one of the largest variations in a tenant profile that is NOT reflected in cap rates like the traditional apartment market.

if you do that, can you do the cost segregation for the new apartment complex you buy through 1031 exchange?