I figure if I take low income peoples money in the form of rent then it will be less they have to buy Newport’s ,beer ,and lotto tickets that could harm them .

I just bought my ticket to go there on Saturday for a few days to see exactly what I'll be dealing with. 

To bring it full circle, if you want that higher leverage and are open to a bridge loan to avoid locking into a 5-4-3-2-1 or 3-2-1 prepayment penalty, it might just be your ticket as well thinking long-term. 

Long enough to account for the regular (even if infrequent) replacement of the roof, furnace and other big and small ticket items (including tenants).The main point is: will it still cash flow positively once you DO borrow up to 75% of its value, so that you can use your own cash over and over again?

Do they do pretty much take care of everything excluding replacing broken big ticket items like furniture? 

Thought engineering school was my one way ticket to financial stability, this pandemic has shown me exactly how wrong I was.

With promises that I could write my own ticket upon graduation (and a naive 18 year old mind) I completed my degree in 2007.

To newbs, this post might feel condescending - and anyone in education knows that's a one way-ticket to "yeaaa I'm out."

I think the main way buyers are able to actually buy a home in the Phoenix market is if they are lucky ... lucky they have an inside connection, lucky to have a good Realtor, lucky to be at the right place at the right time, lucky their offer was accepted, lucky the new home builder picked their "golden ticket," ... just plain lucky. 

Up to 20 months unless there’s a serious big ticket item like a furnace sewer line.