Find a sponsor, reach out, tell them you're Canadian, they approve, review and sign LP docs, wire funds.

But after working with the family, we purchased it for $42,000 and got to work.We had some unique challenges, like dealing with one of the heirs who wasn’t very cooperative and required a payoff to sign the paperwork we needed for clear title.

Just signed a second contract extension.

Monthly payment is 1900 with a 6.5 rate and would rent for 2500.posted in another group but realized it was the wrong one Keith, as long as your true intentions are actually to rent it out and you get a signed lease this 100% can be a DSCR.

Personally, I would never live in PHX, but that is all personal biases (I prefer seasons and greenery), and clearly lots of people choose to live in PHX.At the end of the day, I would argue market selection almost only comes into play when you are talking assets that cater to institutional buyers that have to get investment committee sign off. 

I agree with most of the commenters...get a written lease signed by all parties asap. 

This is not a great sign. 

I put up yellow *you are being recorded* signs right next to the camera.

The soaking tub in the middle of the room is a 6-star hotel amenity or an outdated trash.

Do you think that was more like an EULA on a cell phone, just some legal mumbo jumbo you had to sign through to get things done but didn't really believe was ever a "real" potential?