Add a value to your time say $50/hr.

Original Purchase Price$305,000Down Payment$28,793Closing Costs$11,527Rehab Costs$80,500Mortgage Costs$30,056Utilities$1,275Taxes$2,729Insurance$1,251STR Furnishing$10,142Total Costs$125,953LTR Income$7,000Net STR Income$21,234Total Income$28,234Total Capital Invested$109,246Appraised Value$540,000Loan LTV%70%Loan Amount$378,000Mortgage Balance$325,148Closing Costs$9,805Cash out$43,047Net Capital Invested$66,199Starting Equity$133,207Value Created: $67,008Hours Worked: 595Hourly Wage: $113I was only able to refi at 70% LTV, so I left $66k in the deal.

Estimated value now = $160-$180k.

I appreciate the varying advice people have given me already as it showcases their personalities, risk tolerance, and values.

., which will drive value to the area. 

Hi Rodney,Phoenix is on the higher end of the value, so it will generally be harder to cash flow but you can still certainly do BRRRRs. 

All-in-all, a great value.

Both have great public transportation access and are already seeing new development happening on the regular.What dollar value of a property can you purchase currently?

The agent initially shared a strategy to price low and let the demand drive the price alternatively they also suggested that they can market to their select clientele and sell it off market.

Someone who works in that market is going to be in a better position to answer your questions about resale as well as fair market value.