She just replaced the air conditioner, and water heater and has done nice upgrades through the house-epoxy garage floor, granite countertops, crown molding.

I would look at doing Joint Ventures, and understand the market is very hot and returns are compressing.

A thick, meaty wad of used twenties, heavy in my hot little hand and stinking of sin.

The multiple heating systems and hot water tanks don't make sense. 

Answer will depend on the market and on how hot the market happens to be at the time. 

@Andrew B.The water shutoff, HVAC system, air filters have to be replaced every three months.The water heater is located in the garage which is owned by another unit.In another property, I recently had an HVAC system blower fail in the middle of the night spewing black smoke into a bedroom.

There is a brand new development downtown called South Main that will bring 314 new units online this spring with rents starting at ~$1,400 and amenities that include high-end finishes, a year-round pool, hot tub, community BBQ, covered gazebo, private gym, lounge, pet spa, gear workshop, and co-working space.

and amenities provided (i.e. washer/dryer, dishwasher, central air, etc.- Proximity to public transportation to NYC.- Block and neighborhood safety and amenities (can they walk to a grocery store, for example).I don't think you have to limit yourself to "white collar". 

From what I can tell, hot is on full-open and cold is completely shut.The middle line runs to......the toilet.Yep.

So my question is: assuming a similar initial downpayment, would you recommend:1- get another place in Meridian or Nampa - I am afraid of being too concentrated in a smaller market, lots of new construction, and not sure of very long term prospects2- Go for Provo despite lower cashflow, but less new construction to compete with and booming, well educated population3- Go for Surprise or El Mirage since Phoenix MSA is so hot and booming with potentially better cash flow than Provo, but lots of new construction to compete with.The properties I am buying would be considered B or B+ class.