Repairs will cost in the range of $40,000. 

They helped my wife and I refinance out of Sallie Mae’s criminal interest rates in the 8-10% range down to the low 3% fixed range.

October/November range from 40-60%. 

Hi @Becky Marsh your biggest consideration is probably going to be price range.  

I used the rental calculator and put in the numbers and estimated for management and all, but the analysis showed the mortgage coming in the $600 range, which is over $300 less than what the mortgage should be.

You can rehab it relatively inexpensive and insurance/trash charges will be way lower. 10 units at lower price ranges are going to be balloon mortgages which can be risky if market cycle falls at refi time.

Its the nicest I've seen so far and would not require any work to get going.List price is 635HOA $400Tax $5300Their typical rental ranges from 380-900.Sorry for the basic question but I am new to this and this would be investment property #1.I am not sure about these numbers but am I close?

AZ is the most affordable of those two, as there are strong markets like the Phoenix area that have a wider price range.

But how, they provide business and feed a lot of the local families who contribute even further to the local economy.Not many folks run their rentals from out of state, majority leave near by and they rent out their secondary homes, manage them selves.Certain percentage even moves in campers on the property or out to campgrounds for the simple reasons to make it trough and get more income.Just laying points of view.Living in a seasonal tourist town near national park is a challenge on its own...To begin with house prices have never been cheap...Curently your "starter homes" are in the 300k range and in my eyes a lot of them are full gut remodels....I can't say when was the last time numbers for LTR made sence around here...

There are properties in that price range I see them every day and under so hopefully that s boost in confidence.