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).

I'd also suggest making sure you have a majority of two bedrooms vs one bedroom units. 

I realize I can get great online with the big guys, but no way I'm giving my operations account and the majority of my deposits to a bank that doesn't lend to me (and I've had way more luck with local banks than the big banks since most of my deals tend to have some hair on them)

It does seem as if the majority leans toward the 506(b) and has a better success rate with this format.

If they weren't aware or address major issues like leaks, hazards, etc. that's when I'd be worried about their ability to manage.In regards to being billed months late normally they won't charge you until their charged by contractor/landscaper, and just know their probably using joe blows landscaping who knows how to haul around a mower but probably not the most attentive to administrative/billing of their own business.

Hey guys,I found that a majority of my traffic came from Facebook marketplace.  

You can make this transfer to a limited liability company (LLC), provided that "The mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).Note: The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements."

Most partnerships do split in time and a big majority are not friendly when done. 

Even if a property isn't 100% perfect, as long as it meets your major criteria, jump in and make at least one of those goals a reality -- and sooner than later!