Picked this one up off of a probate!

B grade property walks are attended by my children to run around and tell me which bedrooms they would pick if it was their home.43605, 43608, 43609 are the popular zipcodes for bottom-budget value purchases...I manage a ton in these areas and my personal portfolio contained over 40 43608 properties at the peak. 20% of these properties will be crazy money earners, 20% will be astounding money pits, and 60% will fare average.I have evolved into the nicer 43612/43613 for my personal portfolio and find the properties earn consistently and far smoother than my 43608 houses. ($80k renting for $1200 vs $40k renting for $800 multiplied by the ratio above vs boring consistency of the nicer area) Oh and I have zero excitement for apartments.

Would love to pick your brain on how you create cash flow in the market and make AZ a successful market.

Here's why:  Even if the contract maintained insurance, I doubt the carrier would pick up coverage.

If you don't want to get your lenders in trouble, pick up a copy of Lend to Live in the BP bookstore for both of you to educate yourself on how to do it the proper way so that it's a true business transaction and not cutting corners just because you know each other personally. 

My understanding is that they typically call up and go to the section 8 office directly to get a good relationship with those working there, who can then cherry pick the best section 8 renters for them.

As investors we don't pick guarantees, we assign probabilities, allocate on conviction and then manage downside risk where possible. 

Pick a driving radius.

Pick a primary exit strategy that you like. 

If you have inventory in your area that require renovations, distressed homes, outdated and you can pick it up for a good deal.