Personally, if the property is in a bad area, this will give you headaches no matter what.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Are you looking to just put the money to work or looking to be personally involved in getting, rehabbing, and dispo of deals?

The answer to this question is really a personal one. 

Under any scenario, any state, someone who sits on their rights and lets someone get into the weeds to the benefit of the person who sat on their rights, will NOT have those "rights" enforced by the courts.  

He knew the person selling this property and asked if we were interested.

Hi @Karen Silerio We look at 2 persons per bedroom as our rule of thumb

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

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

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.