I think your estimations are a little high.

There are companies that allow you to invest extremely passively in areas that are very affordable.

A lot of lenders are starting to offer this product as well in response to the economy.Are you looking to purchase a condo in the Phoenix area as an LTR?

Your mention of inheritance makes me wonder whether your expected gains are as high as you think they are. 

I would advise you to possibly consider a different PM due to the glaring issues Evolve has...lots of work for the homeowner, property revenue continuing to drop as time goes on, low rating reviews for most areas, and besides marketing for new clients, their marketing on properties is no good.

Some key factors, or questions I often get from the investors I work with on the buy side for STRs, that you can focus on in your listing, are as follows. 

Then I personally would diversify those funds into a few different areas.

It was acquired at the end of 2022, so rates were climbing and rents in the area were starting to slow down. 

So it worked out for both of us, and they'd sign a long-term lease.I'd suggest looking into sober living operators in your area.

Personally, I wouldn't totally disagree, but it is very much in the eyes of the beholder what "nice place to live" means.Based on your post, I would assume you are getting requests because you are a new landlord (maybe the old one was not a kind person, so tenants chose not to make any requests) and that you are asking them to pay more rent for a unit that is likely in worse condition than when they moved in.So now, you can either tell them no, or you can accommodate and potentially open up pandoras box of setting expectations that you will cater to all requests all the time, or as noted, you can remove yourself from the equation and hire a PM to handle the requests.