The best way to attract quality tenants is to buy quality properties.

And they don't have evictions, busted furnaces, or the hassle factor of property. 

Quote from @Peter Dukaj: Troy, Birmingham, and Royal Oak does not compare to vacant Detroit properties Yes, Peter.

Quote from @Nicholas Goerss: Hello all,I am getting ready to start looking at lender for my second conventional mortgage to buy my second property.

If the property is considered non-warrantable, you should still be able to do a standalone 2nd mortgage at 75-80% CLTV on an owner occupied nonqm 2nd mortgage. 

This property is currently listed for sale for $245k.

Inheriting it is the best option tax wise- because it gives you a step up in basis to the property's value on that date. 

This is why its difficult if not impossible to sell a STR for any more than property value - the market perceives that the additional profitability of a STR doesn't belong to the STR operator - it belongs to the App platform.If you can migrate to "independence", i.e. self generated business, then not only will you have a long term sustainable business, but a good chance to sell the STR for a substantial premium to real property value. 

**Mesa's Eastmark area** - Strong school districts driving family demand Property Types in DemandThe most profitable flips currently involve:- 3-4 bedroom single-family homes built between 1970-1990- Properties with pool potential (but without existing pools)- Homes with generous lot sizes that allow for expanding square footage Renovation Trends That SellPhoenix buyers in 2025 are particularly drawn to:- **Energy efficiency upgrades** - With Arizona's extreme temperatures, smart thermostats, improved insulation, and energy-efficient windows offer significant appeal- **Outdoor living spaces** - Covered patios, pergolas, and native landscaping that requires minimal water- **Modern desert aesthetic** - Clean lines, earth tones, and natural materials that connect to the Sonoran landscape- **Flexible spaces** - Home offices or multi-purpose rooms that accommodate remote work Challenges to Navigate Water ConcernsThe ongoing drought situation means water-conscious renovations are no longer just trendy—they're essential.

We haven't considered the acquisition/rehab of an existing property yet.