If I had a transaction coordinator or higher volume I might consider subscribing to some sort of more all-encompassing system, but that's not the case right now.I do integrate LionDesk with other lead sites such as ListingsToLeads.com, but I haven't even considered my MLS integration.

You need to form some sort of corporation or a LLC to keep you personally safe in case anything goes wrong in your business and a lawsuit is filed.  

What sort of location are they in, and more importantly what condition are they in?

Is there any sort of natural expiration date for an offer letter?

It was just sort of all the same, with the exception of a few busy roads where there was a large mixture of residential and converted commercial properties (buildings that were originally purposed for residential, but now zoned commercial).I did by chance pass by one Commercial property that had a very well maintained and remodeled house with a separate converted garage.  

Yes my money would buy more during a downturn but on the flip side if a downturn happens in a year or two I'd have missed out on a year or two of cashflow tax free income.Anyway, the thread is threatening to go off topic so I'd appreciate it if we can sort of stay on topic of how to buy buy and hold for cash flow in Phoenix now rather than whether or not real estate investment is a good idea or not. :) Jeff, I'm not sure it's possible to get houses 20% below market easily in Phoenix now.

To buy a property or perform any sort of repairs, you're going to need cash in the bank. 

I've started using dog walks in the morning/evening as well as my ~2 hour roundtrip commute to listen to all sorts of podcasts. 

I found this image and I hope it is helpful for everyone...

This landlord/tenant scenario has crossed all sorts of lines and boundaries.