Of course the solo would also pay the notes.

I point it out on flips or old houses, talk about how much it costs, and I don't think I've ever had a buyer give a flip (pun intended).The other trick for a buyer's agent is 90% of the time, they'll never know who the appraiser is or when the appraiser is scheduled or what their contact info is. 

Not to mention the general PHX market has become expensive and people have already been looking for cost efficient alternatives in the northwest and southeast corners of the valley. 

If the investor would like to receive cash flow, I will pay them the $2,507.83 up until the remainer of the 5 years.The remaining profit earned with the $41,315 would be $191,784.80 total if you get paid for the duration of 20 years!

If not, I’m guessing it’s not feasible for an out of state investor. 

Nobody in their right mind would sell at such because they simply don't have to, there is no shortage of buyers happy to out bid your desired landing. 

So, comps can help with figuring out local cap rates, then you need the income from the property to determine a value.

You look like the kind of person who is going somewhere.

Look at the new litany of anti-landlord BS Mpls just added to the last most recent stack of anti-landlord insanity. 

A kitchen fire in the back unit got a little out of control and burned up to the roof.