It can also be a great source of entertainment:)As it relates to cash flow, you will want to consider a few key questions:- What type of assets produce the highest cash flow? 

At least Arizona has jobs other than hospitality and entertainment that tend to nose dive when people have to pinch pennies.

I manage student houses locally, so I know how to manage college kids and I know how to setup a process to handle things, but I didn't have any experience leasing to "adults". 

I still have adult kids in collage living at home and my mom.

They are a known fire hazard, blacklisted by many insurers and lenders for that very reason.From a financial standpoint, I would not want to be defending ($$$$) against lawsuits for the deaths of X number of adults and children who burnt to death because of a Stab-Loc panel, possibly looking to pierce the veil to satisfy a judgement.From an ethical standpoint, I want to rent safe housing to people and pets, not industry known hazardous housing.From an Asset Managers standpoint, I don't want Stab-Loc's (or the like) in my portfolio, any more than I'd want something that failed a Phase I Environmental Inspection.   

There's diversity in job market that's starting to grow due to favorable taxes, entertainment, food, culture, sports...

A better view may be Family Neighborhood, Family Suburb, Entertainment Area, Luxury Suburb, Miami Beach & Luxury Miami Beach, Arts District, and in-between all those areas are the Hood.South Florida is a Tri County area consisting of Miami-Dade, Broward, and West Palm Beach county.

You have a photo of a what might be the only seating area has maybe room for 3 adults with a small TV. 

Financing these properties with conventional/bank loans isn't always an option.  I help facilitate financing these types of deals.  The options available to investors and borrowers are better than ever.  
Loans are d...

You dont need to accept application fees or worry about creating cost barriers if you multiple adults are applying for a property. they offer it free and make their money by selling tenant renters insurance and earning referral fees providing targeted maintenance services from local vendors to landlords from what I understand.