., so here are the regs around STRs in Chandler - https://www.chandleraz.gov/business/tax-and-license/short-te...I am assuming that you want to rent the entire triplex so it will require more down. 25-30% like others have pointed out.

I explained that i wasnt going to pay for it and she told me that her understanding was that if it was physically part of her unit and provided by me that I was required to service it. 

Require a deposit that's at least the cost of a months worth of rent. 

The owners are feeling pain from their property it could be the children who inherited the property, poor management leading to deferred maintenance, vacancies, and many other inefficiencies.Most owners in this spot are looking for a way to end the pain they are feeling and many will take a path that solves their problems and gives them something in return to justify the sale.

@Sammy RoyInvesting in a single-family rental property from out of state requires careful planning and collaboration with the right professionals, especially in dynamic markets like the Houston suburbs of Cypress, Katy, and Sugar Land.

You're assuming I'm buying C or D class that may require loads of CAPEX. 

The second scenario sounds like it meets that requirement if the all in costs include rehab costs.

Would you just leave out the income requirement since the housing agency is covering the rent?

We rehabbed our first property and have connections so we aren't afraid of a fixer-upper.We understand that buying through a wholesaler can be risky because there are no official requirements, regulations, or hand-holding. 

They now require 24 hr care and he is trying to avoid selling his home to pay the $65k that is owed.