This sounds a lot like gambling?

This is helpful because they will often answer many of the questions (for example, "it's me and my roommate and we're looking to move in by April1 ) so it doesn't leave me with so many questions to ask. 2) It gives me information about what is most important to them so I can be sure to highlight any characteristics of the apartment that match their most important desires.

We use software we developed to filter the thousands of available properties looking for the very few properties that meet specific characteristics (usually less than .1% of the available MLS listed properties qualify as potential investments at any given time).

It's a low price point that I felt I could afford to take a gamble with in order to test the turnkey waters. 

well when you put it that way, makes it seem like I'm gambling, hahaha. 

While each of the cities you mentioned has its own unique characteristics and investment opportunities, I work with investors across Arizona so would be happy to answer any questions.

You can buy for capital appreciation(which is a gamble), buy for cash flow, buy a REIT and play real estate like the stock market.  

Some landlords might follow a similar guideline to yours, while others might have more or less stringent criteria for their reserves.Ultimately, the key is to find a balance that aligns with your risk tolerance, financial goals, and the unique characteristics of your rental properties.

Look at those numbers - way too skinny...If you want to gamble, then go flip some houses.

It has the characteristics of a property I would gladly hold for 20 years longer.