Plenty of night-life and shopping in that area as well.General make-up is white collar with most residents being in their 30s.

Yes you can say the property will be brand new and your costs will be less BUT over the life that you own the property you will need to do things to it.If you don't when you sell and suck out all the cash you will take the hit on the resale.

Based on the IRS five year number, I took the original cost of the installed carpet, looked at the remaining life I should have gotten (IIRC it was about 30 months out of the 60), and the percentage of the total in those two rooms.

That debt will stick with you for life even if they take back the property from you.

Did did a bunch of fix and flips, land contracts, rehabbed and kept a number of small (4-6plexes) multiunit residential, some single family rentals, couple commercial buildings, things went south in about 07, split with my partner to try and survive, worked day and night for another year to regroup and survive, the final collapse in 08, worst year of my life in every regard.

When I first moved to Phoenix, I didn't know anyone, so my social life was sparse.

For example, what's the remaining life of the plumbing, roofing, mechanical systems?

When you 1st get into this business and get started its so important not to waste your time managing debt for 30 years that wont return you decent cashflow and returns for teh rest of your life.

That product looks end-of-life since they are not taking customers.

ADVERSITY is what defines success.For some it makes them quit and give up and for others it makes us STRONGER and more determined than ever to succeed.Everyone sees success of people and admire it but they do not know the trial and error and years of failure and enduring to get where they are today.Doing something amazing with your life is NOT a success only journey.