Great addition!

Or anyone target these types of properties in the Phoenix marketplace who is looking for additional deal flow?

Some search results have said a liability waiver/addendum signed by the tenants is enough , while others say I need an additional gate just to the pool area.

They are eligible for ROFR only if other conditions are met(i.e paid on time, no damage, non-refundable fee per exercise of it).That way you'll get them to behave well, can price accordingly, and hopefully keep them around if they are good.

When I start running a business with lots of additional cars coming in, I crowd out the residents, imposing a cost on them, even if all of my guests are lawfully and properly parking their cars. case in point- noise.

I have additional documentation for renters and owners to follow, but that’s a separate conversation from my post.

Even then I would really run the numbers to see if it makes sense since there are additional costs (utilities, internet, etc.)2.

Option 2 entails exploring refinancing possibilities with other lenders offering BRRRR-friendly mortgages without such clauses, albeit with potential additional costs.

In addition, I’m finishing a flip with the 3rd contractor I’ve hired to complete it.  

If I factor in additional $5,000 in upgrades it still hits a 30%+ CoC return....It certainly is not a grand slam, but for the extremely low barrier of entry, it seems like a solid base hit.