If renters find out your utility costs are high, they will expect a lower rent to balance it out.

If you haven’t already, I’d scope out the municipalities around town.. from what I read in The Economist, the Phoenix metropo area continues to rank high for job growth, which usually bodes well for new builds.

Also, providing value to others at a high level will pay off for you in the end if you stick with it.

I assume it’s not high enough that you or any family members want to take on the job?

3) What neighborhoods would you recommend in this price range if I'm targeting high quality tenants?

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My recommendation would be different if you were a high-income earner or if you wanted steady equity growth.

If it's a high dollar home, then no more than $1,000.

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