This way, they can continue to receive steady monthly income without the headaches and responsibilities of managing the property themselves.Of course, I always recommend sellers consult with their accountant to fully understand the tax benefits, but many I’ve worked with have found this to be an appealing option.

@David Cianci I agree with I answered a similar question in forum here and referenced court cases.

In my opinion, you want something that will protect you, but is also understandable for everyone signing.Keep in mind that at the end of the day, here in Illinois, the state is generally contractor-friendly in the court of law, so making sure you document everything clearly with payment will protect you against any potential mechanics liens.We have had several projects that did not go perfectly here in Chicago because we overpromised and didn't keep tight enough documentation. 

The area has seen strong appreciation over the past few years due to increasing demand, population growth, and its appeal to both investors and homeowners.

The idea of guaranteeing rent regardless of vacancy is super appealing!

Also, again making your property stand out to be more appealing to those who have to stay for an extended period, how will you make them most comfortable with the possibilities of a fixer-upper?

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.

According to their experiences with legal cases, they want to be able to defend the property owner in court, and one way they mentioned is by not providing alcohol.

Is the appeal to having it in/near Tempe renting it out to college students? 

Most of my screening comes from gumshoing social media, web court searches and following up on references.