Unfortunately, you also need to  account for expenditures other than your debt service…I.e. repairs, vacancy, etc. usually people assume these as a percentage into their calculation.

@David Rutledge I don't doubt it, but it's a town of about 20,000 people, and aside from this thing a number of miles away called the Pro Football Hall of Fame, there really isn't anything that spectacular to draw tourism in the area... it must all be corporate and maybe kids returning to visit their elderly parents? 

And, in the meantime, I will get the lists of people I THINK could be motivated to sell, skiptrace them and call them.

In California, something that I see a lot, is people just let the tax collector take the property. 

We normally have a good 50 to 60 people.

I am a 20 year old college student from Sioux Falls, South Dakota.

I can't tell you how many people forget they scheduled a tour.

And people are definitely starting to catch on. 

I think people don't understand just how big the Phoenix area is.

Also better yet, and what gives me some hope is that most people appear to be decent.