Which are the good areas in/near Phoenix to buy an investment property in?

[Ashni Modi]

 I am starting out on my real estate investment journey and looking to buy an investment property in the Phoenix area. Which county/areas/cities in/near phoenix should I buy an investment property in? My budget is about 400K. Also, is it better to buy a new construction or resale? Is it better to buy a townhouse or single family home? 

[Josh Young]

@Ashni Modi I really like new construction SFH in Casa Grande, you can find properties that make great rentals from $300-400k, they have a 7% rent to price ratio with zero maintenance repairs or cap ex. Full disclosure: I'm a realtor and property manager and have been helping my clients buy these and then I take them over for management after they close.