Given that the property was worth $390K in its current condition, I saw an opportunity to make the numbers work while keeping my upfront costs low.Instead of increasing my cash offer, I negotiated a $25K down payment with the seller carrying the balance for two years through owner financing.

If you're in a market thats going through a population exodus, then you are correct that it'll be harder to pass through costs  you are debating macro-economics while ignoring supply and demand fundamentals. 

Although I know most sec 8 landlords use it because of the perception of guaranteed rents.As a small home builder I really dont know how they are going to lower the cost of new construction housing unless the govmit subsidizes it somehow.. basically the price of home components are very sticky they only go up. with the xception of lumber that will go  up and down through out the year..

I would get more details on the numbers and go through it with an experienced investor. 23% expense ratio is laughable for any apartment building, let alone an old class c product.

Currently I'm trying hubspot integrated with dealmachine but it doesn't click with Open Letter Marketing who recommend Invelo instead.

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

U will find deals that way without going through brokers etc.

No one can helpfully answer the questions you pose without more specific information.Have you walked through the property?

It was from a bank, Delmar Mortgage was who it went through before the sold off the loan.

@Yael DoronIf you're working with a $150,000 budget and aiming for high ROI through rental income, consider nearby areas around Phoenix that still offer affordability and growth potential.