The problems are “deep” problems in crawl space, in the rooms it looks rent ready- that is how I and the realtor felt when we walked in: Clean carpet, rooms, kitchen, bedrooms, functional AC, and other appliances included in the purchase.

But deep down I am a downtown girl and also really like Midtown too! 

It can allow you to get into a house-hack on a small multi without dipping too deep into your wallet.

Investors, especially with deep pockets, provide tremendous value in all neighborhoods. 

@Jordan Gilberti This is one of the toughest areas of this industry to accurately capture...especially flippers taxed as ordinary income...and at the end of the year, how many investors really do a deep dive on their properties and confirm actual ROI...not many...this is tedious (and sometimes disappointing work).While flipping houses is not a viable or sustainable industry, it works for generating vacation cash...the most successful flippers aren't flipping houses any more, they are lending or teaching other people how to flip houses...but why?

It's not perfect, no place is, but of the choices available it should rank very high on the list.Phoenix doesn't have hurricanes like the deep south and the east coast.

So, like @Michael Wagner previously mentioned you really have to do a deep dive on the local market of any facility you are looking at purchasing.  

To wholesale a property, you must buy at deep enough discount that you can sell to an investor who can rehab and also make profit.To buy and sell ANY property, you must know:The true after-repaired-value (which you cannot find on free sites like Zillow.

Any property valued at 330K with rent at a measly $1600 will be so deep into negative cash flow long term that you will lose more money that you can ever imagine.

But you dont have to be filthy rich with lots of cash to do it...though lots of cash never hurts lol.they had to find a deep pocket partner and one with experience banks simply don't make large multi family loans based on land value and no experience..