This implies that continued rent growth is likely.Phoenix may not provide you the initial cash flow of many other markets, but it could produce outstanding cash flow and appreciation over a long hold.Good luck

I hope that you are not implying that rent = return. 

Maybe a little more than LTR, for a bit more work than LTR.I think once you factor in the cost of furnishing and utilities (both of which would be paid by the tenant in traditional LTR) as well as vacancy (it's typically not nearly as easy to find MTR tenants as a lot of people imply) the returns are probably similar to LTR, maybe a little better. 

It may delay your eviction and imply to the judge that you have a payment arrangement agreement.

Showing what a deal might be is a representation that may be relied upon.I've been there, I know how great it would be to have some written material for show and tell, be anything like that is more difficult than it appears from your side, you can't even imply what a yield might be, there should be absolutely nothing at all that can be remotely conceived to be an offer or a predicted outcome for investing.

Do HELOC and Cash out financing carry implied risks?

This implies $62.5K of value is trapped in the property.  3) the larger the trapped amount of investment, the lower the leverage and the lower the return. 

Not to imply that you can't be conservative and get deals, but you have to be realistic in your assumptions.This gets back to other topics of "what is conservative".  

@Devonte Thomas I'm not sure if this is what you were implying, but just in case - you should definitely not write your own lease.

I survived the same way that everyone who ever sold anything survived, by "implying", politely, that there were services and products that I could provide that my competitor couldn't.