He set up a time for me to go take a look at the houses and when we got there his tenants were happy to see him and gave him a hug and talked with him about how things were going as they showed the house.I compare that experience to a different experience I had where we purchased a property that had 2 homes on it where the tenants had no relationship with the owner.

If I compare the rental income to the PITI payment it's actually just positive, but with other expenses (water/sewer/trash and capex, calculated by using 8% of rents), it turns into ~$500 month coming out of my pocket.

I have a stone guy if you want to price compare. 

If this was a known issue and the owner just let it sit depending on the company there may be grounds to deny the claim just on that basis.

From a financing perspective, I guess it is more difficult to borrow from banks against self storage facility to increase leverage, as compared to borrowing against residential rental property. 

Just use comparables like an appraiser would for this type of property.As a beginning wholesaler, you need to focus on discount from fair market value (after repairs). 

(Tech works earning 6 figures+ or is it more of blue collar type)What does living in San Tan or comparable areas feel like (Eg: Does it have good hospitals, parks, schools, well maintained roads etc?

Each lot is about 7700 square feet and we believe they are currently zoned R2.We haven't done any ground-up construction yet, but we're not afraid of it.

We also look at doing occasional flips or building houses from ground up.

@Ted DeKowzan, CO is a crazy market right now and if you're in Golden that's ground zero just about.