@Robert Kough Home prices in Flagstaff that are ideal for vacation rentals are located downtown, west side, fort valley road on way to ski resort are extremely expensive for what you get.

I use Detrich to manage them but I discovered that STR here in Gatlinburg/ Pigeon Forge can be extremely lucrative If your looking for great ROI.

I live in SoCal however, I am looking to invest out of state as it is extremely Expensive . 

What fair housing law would extreme demand/market conditions causing rent to be raised be violating? 

@Tim Windhorst sorry to hear you are in this situation, answers to your questions: - Yes, you should be concerned after all you may have an extremely high or higher that usually utility bill and water is not very kind to most kinds of construction if this is a leak.- We have dealt with high water bills previously as in 'sudden jumps' in water usage, but all of our experiences have been traced back to the Tenant either utilizing more water, weather related or a case in which a Tenant has allowed another occupant to occupy the premises.

My architect, a rotating series of contractors, and others involved in the project have been attempting to determine why our permits for this work have been continually denied, but it is extremely difficult to get answers.

And whatever your expectations are of any level of performance by anybody in the real estate business, divide that by three or four and I think you will be disappointed a lot less.Real estate is a great investment, it's just too bad there are so many people able to screw it up.  

The purchase price rolled into a business loan as it was extremely low cost and the repairs I paid cash.

.- Term length requested- Exit strategy from the loan: generally a sale of the subject property or refinancing of the debt Extremely helpful, thank you Mike.

I'm sure it'll rent extremely fast