(Chandler is consistently on the list of American cities with the fastest-rising rents.) 

@Jarib Rivas I would also expect rehab materials prices to rise some because a lot of that stuff is imported from China.

This I’m sure is an inflated appraisal due to the market which they have at 117,000.

Lots of work to do, great cash flow, the area is rising from the ashes, it's on the water and just 1/2 mile outside of a rising downtown.

The prices in the area are very inflated and most properties in the area that are listed above 400,000 are on the market for 6 months or longer. 

The local Government has invested in the infrastructure immediately neighboring this subdivision (streets, commercial expansion) and new local business is on the rise in the surrounding area.

Keep in mind the expense will be subject to inflation so your seller concession needs to account for the fact that you’ll have slow but still exponential growth on 3500 extra expense for as long as you own it.

I'm for it if our property values rise. 

Meaning the banks would never issue that loan because it most likely loses money, due to inflation, over the long term. 

With real numbers you're probably at 2% annually, so you're breaking even after inflation and only making money on appreciation of the property