I was hoping I could get some more general information on how this whole process goes and to inform myself on the pros and cons given im a newbie and don’t know much.

Appreciate the response and useful information!  

What type of investing do you do in Arizona to where this information is helpful?

It’s good to budget for unforeseen expenses.Regarding PMI, it’s worth discussing directly with your loan servicer since many lenders require holding the property for a period or reaching specific equity thresholds before removal.If market rents are $2,200–$2,500, hiring a property manager could help you optimize rent while taking the burden of tenant screening off your plate.

Quote from @Abhijit Roy choudhury: Financial Crime enforcement Network, requires reporting of Beneficial Ownership Information filing by 01/01/2025.Does this apply to us, Rental LLC owners.

I would connect with a local PM who has connections with the HUD programs so you can get the most accurate information and guidance in your market. 

This platform on Bigger Pockets is a great source of information where you can ask questions and also learn from other investor questions.

View report*This link comes directly from our calculators, based on information input by the member who posted.

There, we can provide you with the necessary information in order to list your property."

Having this information allows me to give my clients a solid understanding of current market conditions, enhancing our discussions and decision-making.