I have a couple of people that this has happened to, and you need to have it in writing and tied to the property to make it work. 

.🌟 Pro Tip: Next time someone questions your real estate investments, ask them if they'd turn down an opportunity to buy shares in a company that:Pays monthly dividendsLets other people pay off their investmentOffers significant tax advantagesCan be improved to increase returnsCan be bought with 80% financingBecause that's exactly what you're doing with real estate!

People investing in Phoenix are seeking appreciation.

Many people do. 

I would closely monitor your competitions pricing to see what is working for them.Vrbo has built in tools to monitor when people are searching for specific dates.

I think there is a good mix of people there. 

I get a lot of applications from out-of-area people, typically moving from another state.

We make people take photos of themselves holding their ID and then I also meet them in person for the showing - at least for my units on the NW side of Chicago.I've never heard of these testers, but I am not surprised. 

I wouldn't worry about small details like setting up LLCs, just focus on establishing a solid market and making good connections with people on the ground there. 

Only let in A+ people--no matter what. 4. whatever task you can't handle hire someone.