I graduated from Tech years ago and then it seemed a couple families dominated the rentals, at least around the university.

The prospect can scan the the QR and it takes them directly to the Cozy tenant application on their smart phone where they can apply, be credit and criminal background screened, and set up ACH payment for the security deposit and first month's rent if they qualify.I prefer getting my units leased out in a few hours using this method than by driving back and forth for one showing at a time.My time is money!

Education background?

Using a simple dollar return on hours spent may be a superior analysis tool if time is the dominant factor in your decision set for new projects.

(I'm not an atty, in case you're wondering).Hopefully someone else with the right background can jump in with feedback.

To give some background, I am a foreign resident looking to invest in the US real estate market.

Hello RyanMy advice to you is,yes ,you can make money wholesaling,but you gotta know what you're doing.Read everything you can on the Wholesaling Posts here on BP before you make any big moves.Also,since you have the background in RV's ,you might want to check out the teachings of Frank Wolfe and Dave Reynolds at "MobileHomeParkStore.com" they have an excellent course and 2 day training.They also buy and sell mobile home parks thru out the country.They also have a great reputation.An under performing mobile home park and be a great investment,,"If you buy it right ,make the right improvements and bring in good management.Again ,take it slow and be very careful who you choose for a coach or mentor.I am sure there are a few excellent RE Investor clubs in your neck of the woods in Arizona.I would seek them out and start attending,,,Best RegardsDave DoyleMonrovia Calif

Made sense to me to go this route as I have a lot of construction background prior to sales, and I enjoy working on homes/dealing with people.  

Not all leases can be the same in every state.The first thing you will want to do is do background checks on your potential tenants.

Before I can offer any advice on the renovation costs (I come from a GC background), I would need to know the size of the house, the number of beds and baths at a bare minimum.