West Valley Investment Homes - Phoenix-area rental opportunities

These are all potentially premium rental homes. All but one faces North or South. All but one is lender-owned, a much easier way to buy than a short sale. All of them are in premium, high-demand subdivisions.

In other words, I eliminated everything that was less likely to appreciate and rent well. These homes should stay rented to premium tenants while you own them, then sell easily to owner-occupants on the way out.

The prices are all over the map, and they matter not at all. It's reasonable to treat all of these homes as selling for $70 - $80 a square foot, with the smaller homes going for slightly more, the larger ones for less -- this because plumbing is the big money in a house and smaller homes have proportionately more plumbing.

Some of these homes need work to make them rentable, but none of them need very much -- perhaps $5,000 at the most. If it's possible to pick up one of these for $10,000 less than recent comparable sales, it is eminently profitable to do the repairs on the way in. Paying more for turn-key condition may not be the best strategy. In any case, we can arrange for any needed repairs to be done quickly and economically.