.: Quote from @Stepan Hedz: Phoenix, AZ, offers a young myriad of options for real estate investors, particularly in the distressed sectors.

Showdigs is another great option for landlords in your situation.

Lenders can have different loan options based on the property type and the amount of rehab (if any) required for the project. 

I know about some financing options that i could use and need to learn more about my local market just am scared of risk!

The monthly fee for renters ins I thought should be optional as renters insurance is so cheap and I already provide hvac filters. 

That said, if managing sounds overwhelming or you’re strapped for time, hiring a property manager from the start is a perfectly valid option.

I agree with most—if you're local and familiar with the property's history, self-managing could be a great option!

I've been doing some light reading, and it sounds like refinancing that property and using the proceeds to reinvest elsewhere might be a better option. 

The reason I approached them about putting their offerings on my show is because I wanted to diversify my product offerings beyond the low income stuff that I specialize in so I could present investors with options that come with varying levels of risk.I do not agree with you that investors won't make money in the low income space at all tho.

Renovation loans can be a fantastic tool when you're ready to explore your options.