Newbies are always optimistic lolTake into account market conditions in that area.If you go to Zillow, put in the address, scroll down to the tab "Neighborhood".It will tell you the "Market Temp" for that area. 

I've got 3 listing coming up this month and will see the temp on them.What price range are you guys buying in?

The income statement can be twisted to sell the stocks, balance sheet can be manipulated as well.

I've noticed some rentals pop up on zillow that were way way way higher than what I was seeing in cross reference, I'd suspect someone was trying to manipulate the local data, I only noticed it by luck and spend countless hours on various sites.

I personally focus on student rentals around ASU's campus in Tempe.

Or the structure of the 1031 may require some manipulation.

I live in South Scottsdale myself, and one of my rental properties is in the "Old Town" area (my others are all in Tempe).

You park a dumpster outside and hire temp unskilled guys to toss the junk and strip the carpet. 

I'm assuming that anything in regards to the Marketing Campaign needs to be documented fully to prevent the Seller from claiming you had manipulated the Seller to sell to you after the Listing expired.Another issue that is coming up in my mind is that, if I buy within 120 days from the Listing Contract Expiration, then I must factor a commission to the Listing Broker.I can offer the Listing Broker his share of the Commission.If I offer the Seller to buy his property AFTER the 120 day cooling period, then I'm just acting on my own behalf as an Investor.

Me and my wife (Kami) both work for American Airlines in Tempe as Analysts and we have 2 beautiful daughters!