Don’t buy into the obfuscation.

@Samuel Coronado - the challenge is that there will likely be a very small number of renters looking for a house that size, as well as that can afford a rent amount that high who won't just buy otherwise. 

KwanzaHi Kwanza, I can help answer this question as I've worked with investors and helped them buy LTRs, MTRs, and STRs (own quite a few myself as well).

Find me something that's even a 7% cap rate and I'll buy it tomorrow!

By year 5 we had around 55 people.We did hire a marketing person but frankly marketing wasn't our strong suit. 

I’d start with a smaller deal - buy a 6 to 12 unit say - raise money from your social and professional sphere - people who know you - who you have a beer with etc.

Looking to buy Business around Portland metro below $300k.

With that said, I've done some research on the market and found the following information helpful in my considerations for Phoenix that you might find helpful as well:  Demand for both buying and renting property remains high due to the city's strong economy and growing population. 

I took quite a break from buying properties and now on the hunt again.

IF it’s that good and successful you would not need a former car salesman pressuring you to buy the course