I strongly believe that gaining experience at this point in my life is much more valuable than making good money at dead end job! 

Would love to be proven wrong.I was thinking it would be quicker to invest further away where house prices are lower and rents are strong.

But this is me in a strong Phoenix rental market and I have Class B/B+ properties.Also, in AZ, if there is no written lease then the Arizona Landlord Tenant Act would generally be used for definition of rights and laws for the landlord & tenant.

If the entity is strong enough on its own (good cash flow, and the properties you hold have a significant amount of equity), you (personally) may not need to be attached to the loan at all. 

Having a strong why will help you push through any difficulties or setbacks. 

I like to manage the risk by combining strong cash flow (high margins), equity & cash reserves as a means to mitigate the risk of carrying debt. 

@Nicholas Messinese, It's possible to compute the rental vacancy rate for various markets within the country by using data from the American Community SurveyThe formula is as followsUnfortunately it is not possible to calculate vacancy rates by aggregates such as bedrooms or price since the ACS does not provide the data needed. 

MF presents a tremendous opportunity leveraged across multiple doors which gives it a strong upside if you have the know how and access to capital.

I am now better understanding different people with different personalities follow different techniques and strategies.Nevertheless, you offer strong and valid points.

It's paid well for us to look more carefully at the tags, especially when, as you indicate, the applicant has strong credit and a spotty petty criminal record with infractions exactly like the ones you mentioned.