From what I understand they didn't have any major problems with their downstairs tenants. 

So tenants typically pay a bit more to avoid moving unless they have a major life change that dictates the move.

Additionally, I'd increase your Vacancy to 8% so that you are saving up aproximately one month of rent per year (1/12 = 8.333%) and I'd defintily increase your CapX to 10% as CapX is for major repairs and since this property was built in 1984 I'm assuming it will have some maintenance needs sooner rather than later.

I have spoken with a few people I work with who have had primary residences that they have turned into rentals. 2 of the 3 have had major issues, one to include a marijuana grow in the basement.

Happy New Year everyone.I need a new GC.I've set my goals to purchase at least 1 property per quarter for flips. My current GC does great work but just takes too long to do a project. Consequently, I am looking for ne...

I am rehabbing my first investment property (a 1950s 3bd 1 ba, 1100 sq ft sfh) and have done the majority (75%) of the work using my savings and a loan against a retirement account. 

100k to make 2k in rent is not too bad as long there’s not major rehab involved you should do alright on this deal

I have been marketing his off-market properties for over a year.SCENARIO #2 - Major seller/broker approaches me and wants me to sign NDA / CA as principal buyer.

Nothing major happened but wanted to make sure we aren’t missing anything as to what our responsibilities are as landlords.

The most visited city is probably Scottsdale, with a multitude of major yearly attractions all across town (Spring training, Phoenix open, Barrett Jackson, to name a few)Downtown Tempe is another good market, with a steady traveler pool because of Arizona State University (parents, students, relatives, visiting professors).