I grew up in the Rita Ranch/Vail area both of which are growing a lot and have one of the best school districts in Arizona.  

This property is in Parma near good schools.  

This made me very confident of my future success, but made me lose interest in school as their was no way I was go to sign up for 4 more years of such boredom!

My investor owns a few thriving businesses including a rental house and three karate schools. 

It may indicate a high eviction rate, lower market rent and higher vacancy rates due to low school scores, crime rate, etc...I establish market rent ( using investment home as subject property),  1.

Make sure the mentor doesn't teach you double closings and using the phrase "and or assigns".That's very old school.

One way to assess the neighborhood from a distance is to look up the ratings of the schools nearest to the property you're considering.  

What are the schools and shopping like?

Not by much, this is pretty much old school, jacking the price up above market value (as that is defined, not what you can get a buyer to pay) is the first red flag of predatory dealing and lending.

I've been listening to the podcasts and reading whatever I can, and they have been invaluable to me.I am lucky enough to have a decent chunk of capital that my parents had saved for me since I was a toddler for graduate school.