I tell people that if they don't have a net worth to buy their dream house in cash then they aren't ready to buy their dream house. 3.

I always am amazed when someone selling a $600,000 house brings me a listing agreement where they agreed to pay a stranger $30,000 to list their house for sale and they didn't even read the agreement much less spend the $250 to have a lawyer tell them that yes, if they sell it to their cousin during the listing period they still have to pay the $30k.

A tenant complaining online might indicate that the property manager handled them appropriately, so be sure to ask the manager for their side of the story.7.

Quote from @Daniel Vargas: I think you should consider a house hack.

With its booming housing market, the Phoenix real estate scene has emerged as a hot zone for fix-and-flip investors.

I noticed you are interested in house hacking. 

Ultimately you will have to sell your house at a discount. 

If I am house hacking then what should be the insurance.

How much will you spend in repairs on a 1920's house with renters ? 

Even if the owner seems like a really nice person, they will micromanage the builder and not like the specs of the house the builder needs to do, and/or the timing in which the builder gets it done, etc.