We have already remodeled  the kitchens, updated plumbing, worked on the septic, insulated the attic, painted, etc.

But if you have the financial resources and the trades ready to rock, run the numbers and see what option works best for your specific project. 

Have others structured similar deals, and if so, what worked well (or didn’t)?

@Katie Roche - I have never worked with RTR, so I have no opinion or comment on them whatsoever accordingly.However, I find the comments about Harvest, AL made by them to be. . .well, bizarre.60 days to rent in Harvest means that either the property isn't adequately rehabbed and/or not priced accurately. 

Did you work with them?

Some areas worth looking into:Centrally located neighborhoods like Alhambra and parts of Maryvale still have affordable properties with strong rental demand.West Phoenix (Tolleson, Avondale, parts of Glendale) offers good price points with room for appreciation.South Phoenix is seeing a lot of development and has solid long-term potential.Mesa and pockets of the East Valley can work, especially if you find something that needs light rehab but has strong rental demand.It’s definitely tough to get both cash flow and appreciation in today’s market, but if you’re strategic with your buy, rehab, and financing, BRRRR is still doable in Phoenix.

.🛑 BOI Reporting non-compliance = $591 per day in fines, up to $10,000 + potential jail time.Final Tip: Many business owners work with a CPA to ensure tax compliance and maximize deductions.

While property values are reasonable rents are lower so we’ll see how this works out.

There's no way around it unless you specifically work for one person only.

It needed some work but it was fully rented and put a few hundred dollars in my pocket after expenses every month.