I believe it is 27 years of depreciation that you hedge against any cash flow you received. 

If the electronic lock fails, you provide the tenant with the code so they can access the key.

@Lauren SinzIt makes no difference where you get the number from, if they haven't provided written consent to you specifically, you could be in for a big headache.

Yes, once they have provided the PR "Certificate of Appointment" you follow any legal request.

At $1200 in rent, you will probably have negative cash flow. 

It's important to keep in mind that everyone you hire is providing you a service - no one is guaranteeing you any outcome.

*Strong Economy – Phoenix is sustaining a healthy housing market, with thriving sectors like technology, healthcare, and finance continuously recruiting new residents and providing them with job opportunities.

What you have calculated is not cash on cash return.   

Our cash on cash return is essentially infinite as we make money on the delta between the yield of the discounted note that we purchase and the interest rate we pay to our passive private capital partners. 

And my rental cash flow went from only $1500/month to 19k/month profit by taking on more loans and harvesting the equity in some of my properties including my primary.