Still, my walk away number is quite a bit lower than they're asking, so taking your advice, I'll probably continue to keep looking.

And now you are playing with "house money" since the refi was so much more than your original investment.

The outer suburbs of Phoenix (including Apache Junction) are great values, especially long-term, as the population growth continues it will push people further out.

Are you just fixing deferred maintenance and trying to narrow the $100/m market gap or have you looked at upgrading the interiors to be a B+ finishes and pushing rents a little more for a heavier value add play?

I would like to continue with new builds but are torn with refincing or HELOC money out for more nee builds or selling it to use that money to be the downpament for the new builds.

First off, I do not own any apartment buildings and do not play an apartment building owner on TV.

Considering capital plays a significant role, would you avoid these areas? 

Also consider how you can leverage each of these properties for your next deal if you plan to continue investing.

It was getting cold he said ok I also explained to him the outside ac  fan had a Edison summer saver plans which turns the fan off at certain times he under stood but wanted the box off so I called Edison And had the box taken off problem solved .a week after  i got a call from tenents saying they got a message via text from the water company stating continuing runner water possible leak.so I went noticed they were running a swamp cooler 24/7 they said the ac bill was high so weve been using a swamp cooler,and they filled up a above ground pool .i asked them did they call the water company to let them know of the pool fill up they said they didn’t.i called the water company to talk to them about the running water text my tenants got and explained to them  they run a swamp cooler that runs on the water faucet and they fillled a pool ,and all the household water use from  big family.the water company said that’s why there getting that text.they also said that for me to talk about there account water usage they have to call and give permission so I asked the tenants they refused.its gets better,I get another call from the tenants now sayin one of the toilets are making a noise.so thinking the worst I go just a stuck handle.so while I was here I th ought I might as well change out  all fill valves and floaters for all three bathrOoms so I did.was there a few hours making sure they were running properly and leaks.i remind you that was on a  Thursday.on Monday my tenants send me a bill via picture text from  a plumber saying all toilets leaking cleaned out all fill valves because they were clog and put in new flappers leak fixed.i asked the tenants why’ didn’t he cal l me he  had no excuse,so  I called the plumber he said they clogged  and he cha changed the flappers.so i come  Back how’s that if I just put all of that new four days Pryor on Thursday he couldn’t answer me free.now im getting I’m not  paying  my water bill because of the leak.now they sent me there water bill .with previous charges from there old residents claiming it as part of  a leak.do they think I’m stupid,there clearly trying to scam me.they won’t  Give me permission to talk to the water company and  the plumber is his good friend.

I don't even know where the closet part came into play, but I have always heard this.