We also have a huge LTR market. 

Heck you could either end up a month behind at seeing a problem if you only look at monthly reports.

Simply regrouting will have another crack show up in a year.

I have done it successfully on my last 2 buildouts, maybe 3, but only because I was able to acquire the properties at a very low price and I did all the work in-house (myself and some hired hands on staff).

These products allow you to purchase a home that may need some work and roll the renovation costs into your mortgage. 

How did these builds go?

People have already moving to the Surprise/303 area in recent years.

I don't have enough details to know whether it's a good move for you, but I think my numbers work out better when I'm the lead.

As a former business owner, there are times of the month where it seems that all the cash goes out at once.

@Sherman Cummings I have the only duplex in my neighborhood.