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Related but embarrassingly ignorant question: let's say I own my first (starter) home and then rent it out to tenants when I buy my second (family-raising) home. The second home is purchased with a mortgage whose monthly payment is equal to the rent my tenants are paying me.

In your state, would I be able to have the tenant pay my mortgage directly, or would the money have to pass through my hands, with income taxes being taken out, before I could pass that money on to my bank?

robertoaribas says

many parts of Phoenix cashflow like crazy.

Yes, it’s kind of shocking how much gross rents can be as a percent of purchase price. I’ll spam my own forum here - check out the numbers for Phoenix in Patrick’s Property Finder

That all sounds great on paper. But personally I know someone who's a landlord in Phoenix and they cannot find a tenant. It's a brand new place too so they are currently out something like $1200 a month out of pocket until they find a tenant.

No actually they're trying to rent it for something like $800 it's a brand new townhouse
in Scottsdale.

Can't find a tenant because there are too many investors coming in trying to rent out properties.

that sounds decent... we rented a condo for about that much (but included some utilities)

looking at a few townhouses in scottsdale for purchase (same hoa for all 3)funny thing is the prices
63k
39k
159k

all for 3 bd 1 ba and the most expensive one isn't even an end unit. all look to be in good shape.