Same as learning plumbing for your properties, a bad plumber (or DIY) can cost you more than an expensive plumber.

I am a New York resident working in the medical field with a vision of one day being able to provide my family with more then I ever could being a real estate investor than an employee.

Would vacancy rates for an area with high owner occupancy be larger than an area with high rental occupancy given that: Increased competition can lead to higher vacancy rates (in the case of high renter occupancy)Low demand could also lead to high vacancy rates (in the case of high owner occupancy)The two neighborhoods that this information applies to are within a few miles of each other and most other demographic information is similar across the board.

Good Afternoon BP, I'm working on a lead right now and I think I've exhausted all the "normal" routes on monetizing this lead, so I was hoping someone with experience in the Phoenix market could assist on this one. 

I can't speak to those offering this type of loan, but in the event they want up front fees other than an appraisal I think I would steer clear.

Thanks for your time :-)That article assumed you lived in the same city and I think you really have to live in the same city (preferably 30 minutes and really no further than an hour away) to properly manage your own rentals.

Do him or his partner travel more than an hour for work and are possibly moving closer to work?

The cost of hiring a management company in a high property value, urban area, is going to be a lot different than an extremely rural area.  

You will find no better spokesman with a direct line to the seller (except for maybe you talking directly with the owner on an unlisted property) than an agent who stands to double end it if they close with you.

Let's just say I've exhausted my ability to use intelligent conversation with these two tenants.