not only will they work hard to get that massive commission, but also the inventory here is so low that most of those places sell within 45 days, if not 15, regardless of condition.  

The lender will be interested in your experience managing properties - or that of your hired management - and will examine your own financial strength to demonstrate you have some acumen and are not a fiscal basket case.  

So with rentals around $1000 a month I wonder if the massive flush-out (my original post), could motivate banks to dump at $45 per sqft in your area?

Take massive action and the results will start showing.

I have found that the ones I look at in Tucson, and Phoenix need massive amounts of work, also do you have any REI groups that you frequent, I would like to talk you in person about your experiences here in Arizona.

Using a class would clutter your financials rather quickly.For holding a property for more than 2 fiscal (usually calendar) years, setting up a general class for properties by category (SFH, MFH, etc.) or geography and then having each distinct property as a subclass is a good idea, so you can print out a Profit & Loss as well as a Balance Sheet for each class or geography to make analysis easy.If you get to the point that you have so many properties that this structure doesn't meet your needs, you might consider moving on from Quickbooks or grouping properties instead of presenting each individually.I'm an accountant, but I'm not YOUR accountant.

But magically they are awesome investments (appreciation is massive.)

Also, @Will Barnard , and everyone else on this post, I'd like to invite you to a Massive RE Investor Summit in the Bay later this year around October.

Did you take massive amounts of pictures of the property?

The property has a massive title problem.