My issue is, it's been almost 3 months and I haven't be able to get good tenant applicants.

Risks include market fluctuations, property damage, tenant issues, and unexpected expenses.

If there’s specific projects like electrical we get a project specific estimate after we put it under contract prior to the earnest money going hard.

Also, check for prepayment penalties or clauses that could cause issues.

What specifically are you looking to do?

The main issue is your exit is capped so if your costs go up, your profit goes down.

For a yearly lease agreement specific to Phoenix, AZ, you might consider starting with the Arizona Association of REALTORS® (AAR) or another local real estate organization.

We absolutely love it and are very interested in buying a multifamily investment property in the area specifically a duplex.

Depending on the severity of smoke damage and structural issues, it could be a huge challenge for first time flip.

That is done via placing the highest quality tenant possible, keeping issues to absolute minimum, keeping maintenance and service calls to minimum, because to make it work properties have to operate on cruise-control.