It is very rare to negotiate for deposits with tenants are are pre-existing at the property as they have already proven that they're good tenants who have earned their residency.

Just to summarize- Weekend Only (maybe evenings during the week a bit, but Part time overall)- Exposure to real estate investments/transactions/management - Opportunity to meet new people / be social - (Ideally) in the Phoenix metro areaIn case it's important - I have a Bachelors Degree from a well recognized private institution (non-business related), have worked in professional capacities for major start ups/small businesses for over 12 years 

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

@Lance Lamberton those who have successfully converted an SFH into a 2-4 unit property can share their experience but recognize that your investment strategy is going to be very expensive and time intensive.

More important we want to support our military and recognize the sacrifices the military personnel have to make.We currently have one unit that has 3 single military members as tenants. 

On the other hand, “Live-in-Flip” is the strategy we are considering for when we move soon.As you’ve recommended, I’ll keep it local for the time being and get more experience and exposure until I have a proven method to manage rental properties that I might be willing to experiment on remote property as a trial run.

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

Conventional, Fannie Mae or Freddie Mac (if you recognize those names) loans, have a standard set of rules that lenders must follow. 

Some agents will be able to recognize this an adjust premium to the after renovation standing of the house. 

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.