No grocery stores and everyone must travel 30 minutes one way for most things they want.You will be hiring a crew or crews from Buckeye, Az. most likely and getting supplies to Gila Bend will increase your costs.Rents are very low and I know of a couple of homes that have been on the market for a very long time.The town just had a recall election for the city council seats so even the town is in a little bit of turmoil when it comes to how it is being run.Renters burn a lot of landlords and everyone is related to each other.

Family increases your risk factor it does not lower it.

If there is a redemption period, someone reselling the property would have no affect on this, and their redemption price would be the price at the foreclosure auction, not a subsequent sale price.I can’t see double wholesale on a REO working out very often.

Using a LLC will increase your costs and taxes.

I ran very conservative numbers and think I could transfer the water/sewage to the tenants, increasing my return.

If it fits your plan do it...Look for alternative or creative ways to increase your cash flow or minimize your expenses.

At this point my partner's equity would get a little smaller each month compared to mine as I put all my profits towards the faster pay down but they would still be making enough to live comfortably until the 1st property was completely payed off in year 10 and cash flow increased from ~$120k to ~$228k.

@Allie Dattilio -- We are in the exact same situation here in Cincinnati, getting the HELOC squared away first, actually it will be a HELOC increase through our credit union, then working with a mortgage broker to get the pre-approval in place.

Hopefuly it will increase the rent by $200 at least.

That's $16000 in capex over 30 years, which is roughly $50 per month (I would go $75 to account for price increases and other misc. items like siding, windows, driveway, etc...)