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Knowing the market well will help you sell and the niche you select are long term and short term investments.  

You can deter crime by selecting shrubs and trees that do not block views.

@Ericka Grant That's interesting hearing that from you since I've also looked extensively at the Atlanta market as well.

Are there any investors in or around Phoenix that would be willing to help me a little with this I know a little bit about each area but I don't have extensive knowledge of all of the areas.

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One sure fire way is to select a neighborhood you want to work in, make sure it is medium income and safe, and take some fliers with you and knock on doors.

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Question is, should I just sign an extension of prior owners lease or have them sign a brand new lease?

The selection would be better and the craftsmanship is too.