:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

They usually have a pool of investor buyers. 

The property is a SFH with pool in Phoenix.

So you have to spend a significant amount of upfront money to remodel and often times build a pool.

Which makes it a good candidate for medium term rental, it includes a pool and tiki bar as well We r planning to buy another primary Residence under both our names or my wife's name  using FHA .

Hey Renee,Pros include guaranteed rent payments from the government, a large pool of potential tenants, and potentially lower vacancy rates.

I’ve seen landlords successfully sued for large amounts due to refusing to remove dead trees resulting in injury; not complying with swimming pool enclosure laws; having window frames in such bad condition that window ac units fell out; refusing to disclose existence of toxic mold; not eradicating lead paint; and many more.  

Pool was close behind in most categories. 

Ask if they take debit cards and credit cards or must you write a check, The way I am comfortable with paying is payment for the job x amount, payment for the decorations according to a gross budget for everything, as they are purchased vs giving a pool of money to draw from.

Also, your screening process either needs major improvement or your units are in a Class D neighborhood - and this is the tenant pool you have to deal with.Why don't you "shop" your local competition and at least see what competitive units look like?