While the heater issue adds extra stress, addressing it promptly will protect you from further fines and penalties.

Rather than just spending the money on a rate buy down. 

So shift your expectations to most of the cash out and you'll be good and you'll actually start buying deals, versus people who wait for the perfect deal, spin their wheels for 6 months terminating contracts/analyzing hundreds of places, and then eventually burn out and give up. 

At this level of scale, it is almost the same as running an extra unit.

I have many clients buying the older homes in North Phoenix near the north 101 as they are 20-30 years old, in need of updates, but also are poised for the long term growth from TSMC and other business/economic activity in the area. 

It happened to coincide with Hurrican Harvey and we flooded during the rehab. 212 extended the HM loan without any extra fees for 4 months until December 31 2017.

Ideally you can provide something extra or unique that you can highlight in your photos and description to stand out. 

When that happens, it becomes a race to the bottom.I'm not saying don't invest there, but be extra cautious and maybe look for something that makes it unique.

A lot of it is the standard Buildium application, most of the extras I put in there after reading Landlording on Autopilot by Mike Butler.Application fee needs to cover all your screening costs.

Investment Info:Single-family residence buy & hold investment.