the GreatSchools rating is low for Elementary, Middle, and High School.Is anyone familiar with the new subdivision? 

HELOCs let you access equity as needed, keeping costs low unless you use the funds.Key considerations: If you plan to scale quickly, the HELOC might provide the liquidity you need for faster moves.

As others have noted the number of MF properties in the greater Phx area is low compared to many markets and the number for sale is even lower.

There was also a failing retaining wall in the rear of the property that completely blocked natural light form a handful of houses, and was technically on the property line and a shared responsibility.

Why do you think the demand is low?

If the property only needs light cosmetic updates, 3 months might be doable, but for more extensive renovations, it’s going to take longer. 

I have the ability to cover all the expenses if there is vacancy, which this property has low vacancy.

Real Estate Market Predictions for 2025Single-Family Homes: Prices will likely remain flat due to homeowners holding onto low-interest-rate loans, causing fewer properties to hit the market.

Partner Driven and Traci Stephens recognized this as a low-risk deal with high potential for a rapid turnaround, making it a perfect addition to our portfolio.

Waiting gives you 0 traffic, which is worse than low traffic.