At some point the sprawl will be contained either through boundaries like Indian reservations (to the south of Phx) or simply too great of a distance from jobs to make people's commutes worthwhile -- which will jack up prices in places where people have already built, which means even more appreciation for home values.The big negative here is that these are cities in the desert, and if drought keeps going (a real possibility), then there might not be the natural resources there much longer that would sustain the population, which of course would mean people selling and moving out and losing a lot on their real estate investments.

Naturally seeing them run the properties while growing up I saw all the pros and cons related to it.

reason i ask is because with that little a margin between ARV and purchase price, there isn't much you can do in terms of pulling money out.plus, remember, as many rei guys will say, "CASH IS KING".

If you have a good relationship with a realtor, ask them to pull comps for you (or find FREE access to MLS listings on the net and do the sold comps yourself).

I do have about $30,000 in equity in my own home, should i pull that money to start???

A 2300SQ FT HOUSE IS ON THE LAND AND I'M LOOKING FOR A LENDER THAT WOULD BE WILLING TO ALLOW ME TO PULL EQUITY FOR INVESTMENT PURPOSES.

Even good rental markets will pull atleast a 5 if not a 5.5 for GRM on income appraisal comps.

you sound like you have a natural nack for this.

For the life of me I can not remember the name of the Stone Supplier, but they have all the samples there in teh show room, they will then pull out slabs of the ones you like and will take you into the warehouse to choose.I want to say the name was Park Stone.

I know this all sounds cheap, but I"m just saying if you're just getting started and you already don't have the money for anything, these are the cheapest ways to pull off a rehab.