Phoenix area investing

[Mark S.]

We are looking to diversify beyond our current market of Minneapolis and are considering the Phoenix area We have family living there and enjoy visiting, and we would like to start building a base in a more southern locale. Our experience is in single family, townhouses and condos. We buy properties in A and B neighborhoods only, renovate and finance all expenses, looking to break even at a minimum and have solid tenants while building equity. Cash flow is a plus, of course, but we will trade that for quality of neighborhood, tenants and possible appreciation. Any thoughts or suggestions are appreciated.