So far I have learnt that we need to do the following:1) Get a TPT (Transaction Privilege Tax) license. 2) Register the property as a rental property in Maricopa county records.

The first option is to use the "Cash for Keys" approach and offer them some money to move out and find somewhere else to live. 

Pet-friendly rentals rent faster and for more money, but you have to do it right or it can be a disaster.

Budget for More Than Just the Mortgage: Include property taxes, insurance, maintenance, and potential HOA fees.3.

Hard money.

Aren’t the property taxes eating all of your cash flow?!

I have a hard money loan on this place and it is maturing soon.My partner and I can keep lowering the price but we are already set to lose a Lot of money on it.

will this help anyone who uses property managers and keeps QB for taxes, mortgage, amortization and depreciation?

(In other words, if it's too high, then I can cancel the buy and not have to lose any money)2.

I've depreciated it over the years so it's been a good investment for tax purposes and we've also leveraged it previously to purchase another rental before we refinanced it in 2021 at 3%.