@Brian Volland - thank you so much for your insight. Very eye opening (in a good way). Also, helpful to know more about the area. Like you mentioned, I'm looking for a class C in a class A area, or better since I'm out of state and can't manage something closely. You've helped me make the decision to walk away so thank you so much!
@Diane G. - Not harsh at all. Exactly what I needed. I like the property you shared as well. Do you do any investing in Phoenix?
@John Jacobus - Right, there isn't enough info on the deal online. I emailed and ask for more info (talked to the listing agent on the phone too) and currently waiting on more info. The example you provided was super helpful as well. I agree, it's looking like the expenses should be much higher, and since I'm looking for something that I can invest in out of state with as few capital expenses to manage as possible this deal probably doesn't make sense on top of the tenants being more transient like you mentioned. Thank you very much for your help!
@Dovid Staples - Wow, I had no idea that it was up a year ago. :/
Thank you everyone for your help looking at this deal. I'm now more than confident enough to walk away!