We rent each of the 2 bedroom units for $845.00.

You can rent out an extra bedroom, or if you have a basement with a private entrance you can always rent that out too.

Double check your area on the 150K for terms of succession.

I currently own a single family home and I am renting out the two spare bedrooms I have.

I manage four 4-5 bedroom vacay rentals for some folks in Portland but I know that's a little different..esp since they aren't my houses and I can just call their maintenance guy if something goes wrong! 

I will review my annual costs to double check.

I currently live in the DFW area and rent a 1 bedroom apartment for around $876 a month, maybe $1000 with water, electricity, internet, etc included; my lease ends at the end of May.

The Phoenix market is not what it was in 2011 where you can make double digit returns on basically everything on the market. 

One of my tenants is currently moving out because they need less space (going to one bedroom from two bedroom) I just had another tenant move in because they needed more space (going from 2 bedroom to 3 bedroom).

Ask the title companies if they are familiar with doing contract assignments and double closings.