Sellers are in the driver's seat in this market, the only reason they might carry a mortgage for you is to avoid capital gains and spread the gain over time.

Once you get into the other three, especially appreciation, you enter into much different territory, which requires you to learn about economic drivers, social trends, and the data collection... the list goes on.

@Kevin Sack There are several primary drivers that are bringing customers into Lubbock for short-term rentals.

With no civilian airport and few economic drivers (other than Cannon Air Force Base), I don't see much potential for growth here.By contrast, Lubbock has a real airport and is home to a large public university, several sizeable medical centers, and a thriving tech sector.Sign me up!

What other factors are key drivers I should consider?

The 1% rule, while a good back of the napkin approach, completely ignores price appreciation which is the single biggest driver of returns in Metro Phoenix.

Drivers license, entity documents (for the LLC you want to close in), two months of bank statements, and your purchase agreement.

Drivers make pretty good money.

It's a job and not passive income.It is very trendy though like Uber until drivers realize that they are not making as much as advertised.

I was told by them that they would send me a copy of their drivers license and the back rent asap.