That way your tenants are living similar lifestyles and are more likely to mesh.

You fill out a form send in some pictures, they keep a fee and they buy your house.Meeting a defined goal is how you determine you are successful.Dean defines success as:Free time – when I am in complete control of my time and can do whatever I wantWhen passive revenue exceeds lifestyle needsWorking on projects that excite meNot knowing is scary, especially when it’s your money on the line.

@Joey BiccumI would venture to guess that anyone in your area who chooses to rent a place to live for $1900/month has made multiple housing decisions about their lifestyle that are unconnected to any sort of poverty they are experiencing.

I once had a perspective tenant apply looking professional and nice, while on social media we could see what type of lifestyle he led (non stop partying and drugs)   You need to be careful why you say no, but finding red flags can sure help narrow down the search. 

You actually will need to take it out to sustain your lifestyle. 

Time to take a serious look at adjusting your personal life style.

Phoenix is extremely competitive, but that's because it's a hot market with a lot of deals.I would figure out which area fits your budget/lifestyle the best and go from there.I moved to Phoenix a little over a year ago from the Bay Area and I'll never look back personally.

Something that even if you completely botched the numbers on wouldn’t ruin your lifestyle.

Concerns: Adding 5 years to our life goals.Rising Interest Rates.Less upside in a single family these days.Pulling back considerably on a comfortable lifestyle to make big mortgage payments.Thanks in advance, BP. 

The lifestyle of being equity rich vs cash rich is completely different.