Here are the numbers:Current value: $195,000Mortgage balance: $150,000P&I, taxes, insurance, HOA: $1,050/monthRental income: $1,600/month + 2% annual increaseAverage maintenance spending over 8 years: $100/monthLocal appreciation rate: 1.5%, very stableThe location is near a large university and hospital so there is a plentiful supply of responsible tenants (graduate students, residents, etc.).  

How about leasing to students?

By the time I was one of her students she owned multiple very large apartment complexes in the bay area, Mrs.

I think with a 4 bedroom it really appeals to larger families or college students renting together.

High quality tenants, often medical students.

This didn't make sense to me as I had literally never seen that kind of cash flow on a listed property, so I called the broker.He told me a long story about how most of these houses had been purchased by parents of nearby USC students in 2008-2010 when the development was completed.

Students and retirees were the most frequent, and occasionally I would take rent prepayment from other people with, generally, special situations.

According to what I read online about the ASU expansion, the move will bring more than 300 graduate students, more than 100 staff and faculty members and hundreds of executive education participants into downtown Phoenix from around the United States and the world.

Love the potential for rental properties there with students, military, and factory a lot of options. 

It is pretty close to UTA so you may be able to do college students as well.I owned a primary in 76010 and then sold it in 2017, man do I wish I hung on to it and rented it out.