It's important to run your own comps and go out to the property with a contractor so that you can get an idea of true renovation costs. 

Yes it does, needing to keep the books and properties seperate for proper Tax Reporting and any 1099s you may need to file can be costly.

Not to mention the general PHX market has become expensive and people have already been looking for cost efficient alternatives in the northwest and southeast corners of the valley. 

I think it was for down payment and closing costs.

This also costs 200-300 EUR depending on what's included.

To adapt, focus on refining your ARV and repair cost estimates, explore off-market deals, and consider creative financing strategies like seller financing or partnerships.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I guess it triggers the "sunken cost fallacy" part of their brain.

Costing them thousands and making them lose out on homes.

How about the increased home insurance cost for a landlord policy?