It has been a productive morning with 50 yellow letters sent, and another 200 in progress.This morning, I'd love to hear any REI stories you have about using yellow letters. - What has been your biggest lesson from sending yellow letters?

Once consumption is in line, you are open to rent reduction.

One property did have more severe issues that altered the roof line and waste water plumbing.

Hello,When you look at bigger deals financials, what line items do you always adjust?

I was smart enough to know I can't put the money in the bank and know somewhere along the line, someone would squeal, or try to blackmail me, and I'll be caught.

My a friend of mine said all I need to do is make sure the foreclosure is on the first line against the property and if the auction is won, the rest goes away.

their trying to sell you a product towards the end. :(. 

In your case (being from NJ) I am sure you are used to the seasonality of renters and vacancy.Also, current comps for my purchase are coming in around 65K (in-line with what you are seeing)Best of luck/skill and let me know if you have any other questionsAloha,Matt

Are we talking about the standard Airbnb or the "Airbnb for Work" product as well?

No one know the future but I think Phoenix values will grow.The bottom line is:   Phoenix is the fastest growing major city in the United States.