What zip codes would you guys recommend driving through in Phoenix proper?

My team and I are looking to get our second property under contract and it's a mixed use building- Store front w/ residential apartment up top, and two single family homes attached- very strange...Here's what I know before visiting the property:- It's downtown in a very mall city with a historic board- Separate meters for electric- One bill for sewer and well (I'm assuming it's county sewer but will investigate further to ensure not a septic)- I'm going to ask for the leases and ask the renters what they're paying for rent.As a mixed use building I'm assuming I'd need to dig into the store fronts financials to ensure they're capable to afford the property.

They should be able to save you much more than 15% on repair costs if they know what they are doing, have the proper vendor relationships  and negotiate pricing effectively. 

In addition, even though you would have no financing in your model you can mitigate the risk with proper cash reserves and grow 4 times as fast. 

Erick,Take @Gregory Hiban advice, find a Title company to do the proper searches and to do the closing. what if there are liens on the property ?

Both can be transferred to a third party and can be cashed with proper identification.

It really appears that this was not properly explained when you spoke with us, so we completely understand why this would raise "red flags" for you.

You as the landlord have to ensure that the move out process is orderly (hire a moving company, etc.).

Get proper insurance, also if you did buy in an LLC you would probably have a much higher down payment requirement in the neighborhood of 20-25% as opposed to 3.5% FHA

one I can specifically recall was the seller went and told the credit union she sold the property promptly got a letter from said credit union they were calling the loan.. the others don't recall specifics.agreed properly collateralized investors this is a good tool... like guns or pitt bulls in the wrong hands its a disaster.. and when people teach this its usually because the buyer does not have the money to buy any other way and looks at it as low down way to get into the deals and they have no credit to borrow money.. for well collateralized companies like yourself or us.. its great tool.. for seller highly risky in states that allow deficiency judgements.. would like to think the buyer will just deed it over but that's not been my expeirnce.my experience with these going badwere gurus teaching sandwhich lease options on sub too.. in our state that requires a full foreclosure to cure.. now you have a lessee int he house who is not paying.. you have your middle man who ran out of money can afford to forclose or make payments.. you have the seller usually figure it out when they are getting late notices and their credit is trashed..