Not even for 18% paid in weekly installments.Standard is on the order of 15% plus some points for up to 70% of the ARV or (purchase plus rehab) for a more conservative lender.Jon, I would respectfully disagree with you here.

Quote from @Jay Hinrichs: tax attorney told me we would lose.Water under the bridge now, but as someone with almost 30 yrs experience of fighting the IRS, I disagree with your tax attorney 

Others may disagree, but in my opinion, you need to have some level of rehab knowledge and understanding of costs before having a contractor walk a property.

Quote from @Michael Smythe: He'll need to register the AZ LLC in Michigan, which pretty much leads to MI LLC.I disagree.  

I disagree with @Jonathan Greene especially since the vast majority of agents in my experience are part time.

I don't disagree with anything that anyone said, but the question was about the PHX specific market and advertising more bedrooms.

I am going to have to disagree with Ram about WordPress.

As for the additional escrow unsure why you would be requesting that much more but for the rental increase you just need to send legal notice and they must abide by it as they are month to month then you can look at eviction if they choose to disagree with that route.

I respectfully disagree. 

The penalty is the irs considering the entire retirement account bei withdrawn and taxable if they disagree with you.