We weren't super happy with anything we were seeing on the market, so my husband and I had just started writing letters and looking off-market... until we saw this property.It'd been sitting on the market for months.

Then they will start the process over.As for finding a market. 

You picked a great community to join.. have you checked out local comps to gauge the market vibe yet?

Hey @Paul LaValley welcome to the forums, and phoenix and Tucson are great markets, what makes you interested in those markets specifically?

Are the tenants paying market rents?

Hey guys,  Im thinking of shifting my traditional checking/saving account and mortgage to a manulife one account which my broker has suggested so I can be ready to pounce on a house and properly conduct the yellow letter direct marketing offering cash when they want it. 

From both a real estate and STR perspective, the key to success will be choosing the right market first.

Here’s how the ATI Exemption would be calculated:ATI Market Value (purchase price): $1,000,000Previous taxable value: $700,00025% reduction (ATI Exemption): $750,000New taxable value: $750,000Without the exemption, your property would likely be taxed at the full $1,000,000 value.

@Zack Whiting - You are in a top tier market for investment properties!

In this case, your monthly payment with 20% down will have a good MARKET rate if your DTI works with a much lower month payment and no mortgage insurance(MI).