Phx income target SFHs
What kind of monthly income is a good target for the phoenix area (SFH)?
I'm looking at MLS homes in the $150-200k range self managed/maintained hoping for 90% occupancy.
Is there something I'm missing? or is this market just too competitive to get much income per SFH. Still very new to this so maybe I'm just dreaming.
Is it a requirement to buy cash well below market to get any sort of income right away?
Is there a better type to look at? Condos/patio homes? I don't want to go too far down in price to keep higher quality tenants, but being so new I'm open to better plans as mine clearly could be flawed.