Cleaners have definitely been a concern because I don't live in the area and would like to check in from time to time and pricing seems a bit expensive, even though the guest pays for it. 

We're now wanting to diversify into a new area, but I am concerned about fixing something that is not broken.

The only concern I have would be the rehab work, if it wasn't done right you might be walking into a head ache.

The only thing the lender gets concerned with is debt ratio.

The hookups are on the 2nd floor so I have some concerns about the tenant installing them and possibly damaging the property.- Purchasing security like ADT and or getting smart locks? 

That's essentially what you're addressing, but with the concern of building equity and putting your capital to its highest and best use.

I spoke with a loan officer and am in the process of being preapproved for a loan, but I have some concerns to resolve before moving forward in the process...

If you’re concerned about owning and controlling the building, condos probably won’t ever be a good play for you.

Hi @Sarah StevensPhoenix has been crazy hot the last few years and I can understand your concern for the rising market.

One of my biggest concerns moving forward is landlording.