You would have ongoing filing requirements with the State and would need to keep business records and documentation.

Online payment. 

@Agatha Simmons Ensure that you are documenting everything that is occurring.

Document all your efforts, including repair invoices and communications, to show you’re acting in good faith as a landlord.

Demand termination of the contract and transfer all documents, funds, keys, and anything else they have to you or the new PM no later than [DATE].

Thanks, Haresh I couldn’t find the numbers you mentioned about them online.

Stay disciplined and avoid rushing into deals without thorough due diligence.Resources for InvestorsIf you’re new to investing in distressed properties or looking to expand your portfolio, consider leveraging resources like:Local Realtors: Realtors specializing in distressed properties can assist in locating off-market deals and navigating complex transactions.Community Forums: Attend a local investor meetup or join online forums for the Phoenix market.Educational Tools: Search out webinars, workshops, or courses on investing in distressed properties.Final ThoughtsThe distressed property market in Phoenix is creating some excellent potential for the right investors willing to go the extra mile necessary to take on strategic risks associated with this category of real estate.

Online metrics can be good, but they wont paint the whole picture. 

Securing funding has been challenging, particularly because my business documents reflect low revenue from only one duplex, and I am currently between jobs.I have identified a reasonably priced piece of land and have saved a small portion of the funds from my duplex sale to invest in this venture.

It's always interesting when a newbie owner contacts us stating they saw 4% online and want that for a SFR!