Now I'm making some life changes and looking for a cash-flow play.

I am sure there is some variation to the requirements in Arizona.

@Mark Creason  I think I would like the variation in the granite also.

They are both knowledgeable in real estate law and LLC formations.I would think that it would be best to hold the real estate investments in a separate LLC (you can always chose a variation of your current LLC name).

Now, loan investors are buying paper for the precise reason to play the upside. 

Play the Cashflow game and you will understand that the goal of financial independence is to acquire enough income producing assets that generate enough monthly income so you can afford to live the way you want without having to work. 

As long rent compares with mortagage plays property in the good neighbourhood I would go ahead with Purchase

I have been successful in medical sales and have some money to play with but I'm just not exactly sure where to start.

For the steady, long term, play, stay in markets below the national average, and ideally below 3.0.  

With that being said if you get lucky you can hut the ball farther out of the park with this method, on a ROI basis, then any straight RE play.I am not sure if this helps you, but hopefully it gives you another perspective on your potential deal.Good luck,Arlen Arlen, I really like your play to rent to tech startups, and take equity instead of cash (maybe for at least a portion?)