@Ryan Pollack MF properties in Phoenix are higher priced due to demand, which is driven by market stability, large tenant pool, low vacancy rate, job prospects, and growth potential of all of the above. 

Some of the stuff I’ve learned involved staging the house, such as proper lighting, opening blinds, making the most of various amenities the house has which in my case was having the gas fireplace lit, the backyard waterfall running, positioning furniture to make the rooms appear more spacious, occasional spritz of air fresheners, and in the winter time a nice apple pie candle lit in the kitchen.

And my handy, the person who installed the floor, told me the tenants have parties for 10-20 people every Saturday and Sunday afternoon in the backyard.

My out of pocket monthly on it would be about 1600 which covers subbing out maintenance of the pool as well as premise liability, insurance, interest, taxes,and principal etc. this figure does not include repair costs but it does have updated roof, ac, appliances so not a whole lot that could go bad so not sure how to calculate that estimate.

If you're keeping it as a rental just keep your tenant pool in mind, as there are some rough spots in the harbor. 

Since I am near Houston though, I will still continue invest in my "backyard" though

Im kicking myself for investing in my back yard because the taxes are so high. 

For the STR, I get the electric, cable, tax, trash, water, and pool bills.Please do a simple search in the area for vacation rentals and see who pops up that is managing that for that specific area.  

Purchase price: $1,700,000 Cash invested: $450,000 Sale price: $2,919,000 We did a complete remodel and added pool that was permitted.

Do you have any legal advice for what to do about the unit being right next to the pool?