Phoenix is usually the first stop for people looking to buy out of state - and with a 2 hour flight it's obvious why! 

I have been actively looking on the usual suspects of websites (loopnet, redfin, zilllow) but feel like I still have a lot to learn about particular neighborhoods in the SoCal area.

You can use the HomeSnap App to do this easily.If you want to fix and flip:sell to Investors who like to rent to students because usually they’re not picky on how nice it is therefore you don’t have to make the place look perfect, instead just make it decent before you sell it to this investor.You may make less money this way on the flip but it has the potential to be quicker money and you’ll make some connections with people who will always know that property best cause they live there and it frees you up to be a traveling PT.If you want to fix and rent:Use Homesnap app to find run down properties near campus then fix and rent to students.

Do I take an extra percentage for that work or is that looked as being greedy/selfish?

If there's upside on rents it's usually already built into the purchase price. 

Usually the person who makes the first offer ends up losing, so expect to pay a little bit more than what you come back with.

. - The difference between a fund and single deal raise is 1. how we market it2. the extra scenarios for disclosures included in fund papers3.

@Andrew Morem I think investing in smaller towns can be great but it's usually best for locals.

Do you use the extra cashflow ($2000) to payback the principal balance, or to maximize the benefit of leverage you only pay back interest only for the first 10 years?

So what’s the technique used for discovering there’s a secret extra tenant living there?