If your into eating out Fletcher place was listed number 9 in this article about the hot foodie areas across the country. https://www.zagat.com/b/10-hot-food-neighborhoods-...The gym that my wife and I go to is across the street and our office is about 3 or 4 blocks east, also on Virginia ave.  

I am a newbie and have been exploring my options with regards to funding my first investment property.

This article about hard money also talks in depth about the 70% rule.hard money and the 70% ruleFrom the article, the 70% rule assumes 10% of ARV for soft costs and 20% of ARV for profit.

@Justin HerringtonWhile Thorold does not give a maximum occupancy per dwelling unit in a direct manner, it appears to define any building providing lodging to more than four (4) occupants as a boarding house:“boarding house” means a building in which lodging is provided for more than four (4) persons in return for remuneration or for the provision of services or for both and in which the lodging rooms do not have both bathrooms and kitchen facilities for the exclusive use of the individual occupant;In turn, they restrict a rooming house or lodging house (but never marry definitions to that of the boarding house) as follows:Where a dwelling unit contains rooms intended to be used in conjunction with a rooming house or lodging house, the occupants may share a single bathroom provided that: (1) not more than nine (9) persons occupy the dwelling unit; (2) for each additional nine (9) persons or part thereof, there shall be an additional toilet, handwash basin, bathtub or shower; and (3) access to the bathroom can be gained without passing through: (a) a habitable room of another dwelling unit; or (b) an open area, which is not normally heated during the period of the year which heat is required by article 2.22.3 of this by-law.So, it appears to come down to whether boarding houses are permitted where you property is located (and whether they need to be specifically licensed), unless your building would be seen as a non-conforming duplex.This is the question, I believe Thomas was asking.

It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.You are here at the Forum, but, should raise your mouse to the top and explore the otherheadings displayed.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums,Marketplace, Learn, Network, Analyze, Resources.Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of bookrecommendations.Also, you can review the quick links below to help solidify your grip on this site.http://www.biggerpockets.com/starthereSetting up Keyword AlertsHow to Use @Mentions on BiggerPockets25 Tips for Real Estate SuccessAfter becoming more knowledgeable and confident because of my above suggestions,take action to snag your first real estate investment deal if new or add to yourexisting holdings if you have prior experience.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

Detroit City is clearing thousands more.In the thread linked above I link to an article that says the apartment vacancy rate in Detroit is 3%.

I would Google - Arizona Residential Lease Agreement, you will find forms and websites that can answer your questions.The Arizona Association of Realtors (AAR) also has a Property Management Forms section with links to various with advisories, articles, and videos. 

Perhaps you could split the difference and explore lower priced options in areas such as Woodbridge or Manassas?

I live (for the moment) and work in NY and I am exploring the idea of purchasing an investment property out of state....perhaps Florida.  

http://nbr.com/2015/06/19/will-2-million-boomerang-buyers-ignite-housing/This should go direct to the article.