By the way, Phoenix’s rental market has been on fire lately, with a mix of strong appreciation and reliable tenant demand.

@Jack Cottrell You Vacancy & Maintenance percentage are aggressive and may only work for a Class A rental/tenant.If the is a Class B or C rental that will attract Class B or C tenants, you should strongly consider increasing those percentages.NOTE: we deal with a LOT of Class B & C rentals, so we replace "Vacancy" with "Vacancy/Tenant Nonperformance".

If not, cut it all out and put down some strong sturdy plywood.

I am sure there are other good choices out there, but strongly recommend them.Stessa is lacking tenant communications and maintenance tracking, but overall stands up pretty well as free, or nearly free.Buildium is pricey and has a learning curve, but if you are going to exceed 20 units, definitely look to migrating to a real professional package like buildium

A strong online presence and fresh marketing are how you dominate the market.

People who makes payment on time and every time understand the importance of building a strong credit profile.

I'm attending Brad's R2R seminar here in Dallas next month and I'm strongly considering getting in to the MF arena.

Unless less you are a system-building guru and strong networker, if that's that case out of state investing should be more up your alley.

It seems, obviously, that the method is strongly focused on the refinancing of the property post rehab.  

The influx of tech jobs, manufacturing, mining, and Californians there is a strong population and combined with limited to no multifamily new construction we expect a severe housing shortage.