Keep in mind tax preparation fees as well as you grow as you will now have  state tax return needing to be filed as well as the federal. 

They are charging me a rent increase, month to month fees, and several other fees.

-Cash out Refi with a private lender who has higher rates/fees-One of my friends buys a property in the name of his LLC, rehabs it, then sells it to his spouse.

I know about HOA fees and alot of condos/town homes only alow a certain amount of renters, but on the flip side i think my CAP EX would not be as much because im not responsible for the roof, snow removal, yard keeping. any thoughts would help, thanks. 

You could also just charge a flat fee but be sure to have the company sign a contract like a LTR tenant.

If you don't get any additional feedback, you should be able to call the City of Phoenix Planning Dept and assess the overall process, timeline, fees, and feasibility fairly easily.

Sometimes it is better to have them collect and send you the rent so you don't keep track of multiple people and when you impose a late fee it is on them to pass it on to whoever was late. 

Originally from SD, moved over to AZ.

There is some fees to start like applying for your license , pay taxes, etc but it still seems worth it.  

Or should i expect the fees to come with property after bank foreclosure proceedings?