Good to meet you Evan, I live in Gilbert as well and aspire to have that cash flowing portfolio like you mentioned.

Well I own one on Union Street, not far from that property.

Well, a realtor and a lender already insinuate that investing there is great so it must be

You will get to keep your low mortgage interest rate on your current property, and will still be able to use the benefits of a primary residence (lower down payment, lower mortgage interest rate) on your next purchase, as long as you have stayed in your current home for 1 year or longer (and there some exceptions to this as well). 

They just defer to the owner, provide no contact info for to negotiate and just told me that's their price, but it may come down if it doesn't sell.

This bodes well for all current STR operators in the region, as well as hopeful investors moving forward. 

There is a lot of truth to this post, however there are quite a lot of misleading and inaccurate lines as well.

You can also use FHA with 3.5% down as well although may be harder to win in a more competitive market.

Quick side note, their last months rent is not currently in escrow due to the tenant not being able to provide identification.

It does take about 60 - 90 days on average to close an assumable loan deal, but it is WELL worth the time if you are not in a hurry.