Steve Babiak, thanks but I'd have to take time out and fly in and stay there in a hotel or something until the property got rented each time it went vacant.

Third goal our combined salary.....Baby steps are key along with knowing that things change and adapting to your new priorities.

How would you handle a tenant (single family home) with a lease expiring on July 31, 2013 that wants to stay indefinitely?

When my first purchase is successful (have to stay positive right) my next goal will be to figure out the best way to manage my money to eventually have 5 rental properties.I just wanted to say hi and introduce myself, I look forward to learning more about real estate and more about everyone here in the coming months.

Like my grandfather and father, I stay busy 365 days a year.

Welcome to BP.I'm just still a beginner, but everything I've read so far says stay away from anything that negative cash flows. and if your house is in rentable condition now what would you remodel?

Also, does anyone have any advice about areas in Phoenix to target or stay away from based on their experience.Thanks,Kirk

Stay persistent!

You can make more money with more units in one like a multi-family, but small projects like a SFH at a time really help me stay sane as I do that and work at my full-time job.

I'd stay out there if I were you!