Despite the market heating up they took me as a serious buyer and after I few months we got an offer accepted.When I told her the refrigerator was missing when I was there for the inspection my agent said, "Aw, helllll, no!"

This is a program where 1st time home-buyers who make at or under a certain % of the area median income (say 80% or less for example) qualify to apply for the grant, certain banks receive grant funds so you would need to ask your bank if they participate in this programRehab costs: $40,000 (lot of sweat-equity)Appraised: $385,000NEW PITI $1785/month: Refinanced into a loan of $260,000 ($325,000 with 20% down, 30 year fixed rate portfolio loan @ 4.375%) and pulled out $61,000 ($260,000 minus $191,00 owed on old loan minus $8000 closing costs) I could have taken out a higher loan (due to the appraised value) and received more cash-out $, but I wanted to be conscious of what my new PITI would be and make sure I could cash-flow going down the road.DetailsBefore Renovation- 864 sq ft - 3 bed 1 bath ranch style home, , attached 2 car garage, 1/3 acre yard- Purchased foreclosed for $220,000 with a 30 year fixed rate loan @ 3.875% - PITI $1385/monthI worked with my local bank to build in renovation funds into the actual loan, where I would pay to have work done to improve the property (new roof, heating system, flooring, etc) and the bank would inspect the work then release funds to me to reimburse for the cost of each repair as they were madeAfter Renovation- 1278 sq ft (finished basement added 415 sq ft)- 3 bed 2 full baths- Appraised Value $385,000The first 6 months in the property was spent doing new roof, heating system, refinishing existing hardwoods (hidden under grey shag rug), new SS appliances, new paint inside and out, finished basement (added another living room, office/bedroom, and full bathroom)For the refinanceI was quoted by my local bank for a 30 year loan a 4.875% interest rate. 

It is a 2 bedroom, 1 bath, top floor condo with a den. (1000 sqft) The kitchen still needs updated and the heating/cooling unit is super old. 

From what I have read, however, competition for MF is getting pretty heated, so I guess you'll have to check your local market.We started with SF and that was nice because we could kind of gauge the maintenance, repairs, and capex expenditures from the beginning. 

On the other hand, if the area is known for mold and moisture due to the proximity of the ocean, and the house didn't have mold when the tenant moved in, and nothing is leaking (i.e. from another unit) and the heating/cooling system works, I would imagine it's either mother nature or the tenant that is causing the mold now.

I found Arizona Mission Heating & Cooling – (520)822-8499, hopefully this looks right. 

Is it finished space with heating/cooling and normal ceiling height? 

You could even use the oven for storage (not joking) if cabinet space is at a premium.KnutePro tip: Only store things in the oven that can tolerate high heat.

I stumbled across a website that had heat maps and rankings for the cities in terms of most desireable so I was just looking to see if some of those would be confirmed by a local as being correct.

I’m zero’ing in on zip codes and neighborhoods that were the hottest over the past 2 years and I’ve been checking daily on just these areas with somewhat of blinders to the rest.Again, we are in triple digit heat, maybe ppls just don’t wanna venture out as much...