Would this be a good idea or even possible?

It's a good way to get started and learn the ropes without a lot of capital, but you need to make sure youre doing it correctly.

Good luck!

While living in a high-cost area can present challenges, it also opens doors to creative strategies, like investing out of state or leveraging partnerships.

Good luck!

Plus if you are in the good area, you should get better rents.

Good afternoon, BP Forum,I'm in an interested situation and am curious to get some unbiased thoughts/opinions on the matter.

Welcome to BP Ryan and good luck investing!

Some areas worth looking into:Centrally located neighborhoods like Alhambra and parts of Maryvale still have affordable properties with strong rental demand.West Phoenix (Tolleson, Avondale, parts of Glendale) offers good price points with room for appreciation.South Phoenix is seeing a lot of development and has solid long-term potential.Mesa and pockets of the East Valley can work, especially if you find something that needs light rehab but has strong rental demand.It’s definitely tough to get both cash flow and appreciation in today’s market, but if you’re strategic with your buy, rehab, and financing, BRRRR is still doable in Phoenix.

If his landlord reference for the past five years is good, that would weigh much heavier than his eviction.Based on what you've shared, I think this is a low-risk situation, and I would probably accept them with a deposit equal to one month of rent.