Sadly the previous owners had suffered poor upstairs a/c for all those years of exhausting AZ heat.Depending on age/condition & the obvious need for recharging I would get someone experienced in HVAC design before jumping on a new system.

Give written instructions on disposing of trash (like keep the dang lid on the trash cans), using exhaust fans when cooking/bathing (or crack open a window), what surfaces need a special cleaner. 

I remodeled two small bathrooms and spent about $2700-3k on each but I was buying open box deals on exhaust vents, lighting, facet, and one vanity from FB marketplace. 

First, I exhausted conventional lending first (no W2 income; great tax returns from asset sales in 2020, but nothing of note in 2021)Second, the property is nested in held by an LLC owned by an IDGT (intentionally defective grantor trust)Update: Received another offer for 6% 30 YR 75% LTV (5,4,3,2,1 prepay penality) with 3.75pts to close (buying down the rate)

(Equity)Together these components are mutually exclusive and collectively exhaustive for calculating profit.

The following are important but not necessarily exhaustive points to cover:Identify your respective contributions in cash and services that will be performed with respect to the property, Identify your respective responsibility for handling debt (who will be on the note and deed) as well as costs that you may encounter, The length of any holding period you settle on, and what happens if the holding period is lengtheneda method for resolving disputes and a method for distributing profits during the holding period and at the time of sale, whether any party with have a right of first refusal to buy the other out and how value will be determined in such a case.  

There's a list of prohibited topics in forum discussions - it's not exhaustive, by the way - but by and large as soon as a topic starts combining race, religion, gender, or politics in an accusatory fashion it's almost guaranteed to end up shut down.

I purchased with conventional first due to better interest rates and down payments which allowed me to purchase more properties, until I exhausted what I can qualify for with regular banks.

For example, a tenant lease after they move out, insurance policies, purchase/sale paperwork, etc (not an exhaustive list in the slightest).I have suddenly become a landlord.

Exhaust all your options in the local area before you go OOS and if you do decide to go OOS route, you should be able to scale to 3 to five units in next couple of years..