Having that been said, the barriers to entry are very low, which makes it one of the easiest countries for anyone to start doing Airbnb, when compared with other countries.

I underestimated utilities in my early years, so I ensure those are properly captured (electricity, gas, water and trash).

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Property Valuation:Investors look at a variety of factors to determine a property’s value, including comparable sales (comps), rental income potential, and location.

Sure, it took almost 10 years to retire, but compared to the 30-40 year plan most people use it was a dream come true.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I am a bit concerned about water long term in AZ and NV. 

It could provide more cash flow but your leverage would still be less due to the total value of that property compared to the 4plex3) Is there an easy way to understand what price range I should stick to in my area, and should I focus on the best market or focus on the best price for properties? 

A law degree does not mean you know anything re wraps.If worse comes to worse, you can stop the foreclosure with legal action - it costs some but you will not lose your equity.I would not throw the baby out with the bath water re doing wraps and I do hope all works out for you.Reach out if you need a referral to a good AZ attorney to helpBe careful out there guysAlan Not to be too blunt, but you are handing bullets to a six year old with a gun.