Germain Act could work if you qualify, but if you can’t refinance right away, you’ll need to consider future plans.For whether to sell or keep the properties, selling gives you liquidity and eliminates mortgage obligations, but you miss out on future appreciation.

Any advice on some additional improvements that could be done to potentially fix this problem without having to buy a new water heater?

The only exception is for on-site managers, like you'd find living in one unit of an apartment building and managing the building on behalf of the owner.

Ask to look at 3-4 years worth of taxes before deciding on your property.

Hi Dima, glad to have you on the forum! 

While there’s no official A/B/C/D classification of Phoenix neighborhoods, here’s a data-driven breakdown of some of the best areas to invest in, based on median purchase price, average rent, and investment potential.Top Phoenix Submarkets for BRRRRAreaMedian Purchase PriceAvg Monthly RentAppreciation Potential (1-5)Cash Flow Potential (1-5)Maryvale$320,000$2,00043Alhambra$350,000$2,10043.5South Phoenix$375,000$2,20053.5Tolleson$360,000$2,15044Avondale$380,000$2,2504.53.5Glendale$400,000$2,30043.5Mesa (East)$420,000$2,4004.53Paradise Valley$1,500,000$5,50052Breaking It DownIf you're looking for the best appreciation potential:South Phoenix, Avondale, and East Mesa are seeing rapid development, infrastructure improvements, and rising demand, making them strong contenders for long-term value growth.If cash flow is your priority:Tolleson, Alhambra, and Maryvale still offer affordable entry points with solid rental demand, making them attractive for investors looking to generate monthly income.If you want a balanced investment:Glendale and Avondale offer both rental income and appreciation upside, making them ideal for investors who want the best of both worlds.What’s Trending in Phoenix Renovations?

I'm in Detroit now for inspections on one and to generate the scope of repairs on the other.

Congratulations on such a successful management company. 

I figured if I get a decent deal on a turnkey property that has at least 3 bed 2 bath I can prob rent for 2k a month give or take depending on the amenities and make decent cash flow. anyone else have any experience with renting single family rentals in this area?

My name is Nate, and I’m on my 3rd deal as of now.