Do you personally use traditional financing with BRRRR or do you pay for properties with cash?

CA has more than half of the nations homeless/unsheltered persons. 

@Kris Lou Be careful with agents as 95%+ of them really only know how to handle owner-occupied transactions.We don't do biz in Indianapolis, so this is unbiased info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Our lease had an early termination clause requiring a one-month payment, but that didn't seem fair to her as she hadn't even moved in.How would you handle a cancellation prior to moving in?

It separates your personal assets from your business, providing a safeguard if any legal issues arise related to tenants or the property.

@Enrique Toledo  If the seller is firm at 10% down, you can always get a personal loan for that 10%. 

(Either with the roofing company, a heloc, or a personal loan.)Either way you will probably be way ahead on interest saved unless you have a sub 6% interest rate.

Real estate investment is my future.This amazing voyage begins with setting personal goals and vision.

Send me a message and we can have a virtual coffee or an in-person coffee if you're around town.

Cosmo - I personally don't know Phoenix well, but if I had to do this in another city I would look at income levels, crime levels, and population growth (if you can) by zip code and/or area within a DMA as a starting point.