Buy properties and in locations where the risk of not being able to pay the mortgage for extended periods is zero regardless of market conditions.Stress test your deal analysis for worst case scenarios.

I am very interested in the property and it's in a GREAT location.

Would you happen to know the details of the location and date would you? 

I would locate interested sellers who have >40% equity in their SFH and do not have a contract with a RE professional to sell their house.

Thomas Nolan where exactly are you located?

It will depend highly on the location and how you are counting profit? 

All conveniently located in walking distance to Downtown Phx, coffee shops, restaurants and light rail.Looking for input about this deal.

I'm a Lender who's located in Chicago, if you have any questions regarding financing, please feel free to give me a shout.

I'm not familiar with California law (Assuming that is where you're located), but you may also want to include them on the lease, I had a similar situation with a tenant in Ohio where the parents prepaid rent, my attorney recommended including the parents on the lease vs just as cosigners.

I ran a calculator and numbers are shown below, it so far check marks most of the items I am looking for in regards to property appreciation potential, location, strong rental numbers, school, crime, and other small checklist.