We provided an itemized list of work done and the price while returning the security deposit.Tenant is claiming that everything was wear and tear and is demanding receipts and proof of damage.As per my knowledge landlord is not needed to provide receipts in Arizona.

Incredible return, continued relationship with investor on new deal.

You will never see 2.25% again, 1600 a month on 150-200k in equity is an excellent return.  

Is inventory as high as you hear in the media and are builders offering financing at more competitive rates?

I had 5 houses with them that were terribly managed (placing bad tenants, extremely high rehab costs). 

His story is inspiring, but don't expect to have the same results with today's high prices, high interest rates, and thick competition. 

The overhead to start a company is low, but the cost to scale is high. 

So, your focus may need to pivot from high rental cash flow to little to no cash flow as a rental with an appreciation upside.I would recommend taking your $150K to $200K and securing a solid equity position in something that will cover its expenses and maybe provide a small cash flow, but then is poised to appreciate nicely over the course of the next several years. 

Thanks for sharing your thoughts.Are there any pockets in GTA or Niagara region where you are seeing value with high potential for long term appreciation? 

I highly suggest using IDI data.