I'm not a fan of these "No money down" deals because all it takes is a burst bubble or a market correction and now you're under water on a property.

I have witnessed at least 2 other units with severe water damage because of the plumbing in common areas.

Fixed minor damages on roof, doorframe, and HVAC.

@Marisa Rowe rentals are a good way to dip your toes into the water.

You take the gross income  and subtract out all of the operating costs and expenses (taxes, insurance, gas, electric, water, trash, lawn, snow, maintenance, CapEx reserves, management, etc).

I had a neighbor complain on Christmas Eve that they heard water running so i sent someone into to the property immediately since these tenants would not respond to my urgent message.

If chemical levels are off you can actually damage the pool surface and resurfacing a pool can be $3000 and up.

I literally picked this one because it was all I could afford and didn't have significant damage.

We are also looking at long term play for AZ with water/drought and general warming up. 

Return of possession of the unit back to you as soon as possible with the least amount of damages and with the least amount of monetary loss.Everything's negotiable.