She's thinking of trying to assume the loan but I told her I'd try to see if there is a better way to move forward.

Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.

Quote from @Jason Martinez: Quote from @Brooke Spaulding: Hi - I'd also suggest looking at Hipcamp.

@Randy Fitzgibbons - I'd recommend going with contractors who have experience with deals like this AND have experience working with banks/lenders for 203K rehab deals.

For STR advice/insights, I'd recommend @McKenzie Stouffer - she knows her stuff!

There are plenty of websites that can give you a good idea of property values in your area.

As you alluded to, sometimes a passive note investment purchased for monthly payments “goes south”, and becomes an active participation investment, with plenty of additional capital required for legal fees, forced place insurance, and property taxes.  

I'd like to get $30k, I'm just not sure how to calculate the percentage of ownership that would amount to.

But I'd love to connect sometime.

I'd love to hear people's thoughts on the current market and any success/fail stories in the Phoenix area.