.$200 a door is a good target but less is fine if you see potential for increasing rents or reducing expenses within a year.

What if your PM reduces your vacancy, therefore collecting extra rent that offsets their fees?  

Winter is always the hardest time to rent quality higher rent apts and homes.Good tenants with clean records and good debt to income ratios are already in decent places to live hunkered down for the cold winter.The place will probably sit empty till May unless you offer free rent and/or reduced deposits to entice good tenants into leaving their current places and moving to yours in the middle of winter.

I guess some people see the value and some don't.. or I am crazy.. but I think to be able to nail down a reduced property ( it should only grow in value )  if it would be worth $200,000 rehabbed and I could get it for $100,000.. wouldn't I be crazy not to??

., AC units stolen, pipes and wiring ripped out, window broken, door kicked in), significantly more challenging tenants, and neighbors whose actions reduce your property value (e.g., building code violations, drug activity, squatters, loud music, loitering, littering).

With Memphis Invest, I am relying on their expertise to reduce that risk, and accept the lower RTV based on what I've heard from other folks' experience with them.Thanks for that alternate method of pulling up name... for some reason, I can't pull in your name with a direct @ reference.

I would think just regardless whether I reduce the term (like change from annual to month-to-month) or increasing the term wouldn't really matter.Do you any of you have a better answer on this, whether it is legally acceptable to have the tenant sign a new lease as soon as I purchase the property, assuming they are willing to do so, and can I reduce the term (month-to-month), again if they are willing to do so?

Track all of your expenses and income listed in a report and review them regularly with 3rd parties to help reduce expenses and increase your income.  

Your networking in Phoenix is the smart to do with people you trust and will help you to reduce your traveling.Do not trust anybody unless you know them well.  

It will allow you to go up a little on price since you could do house hacking to help with the mortgage and have marginally reduced competition.