Out-of-state Multifamily Investment in Phoenix, AZ sub markets?

[Ali Mirabzadeh]

Hi BP Community,
I'm an investor based in the Bay Area, CA and  doing my research on Multi-family investment in the Phoenix area and its submarkets. 
I'm interested in buying a duplex with positive cash flow and in a submarket that has a potential for rent growth and appreciation.

Would like to get in contact with some of the investors and agents in the area to learn which sub markets are better to look for and factors to look for in those markets?

Thank you!

[Bob Okenwa]

@Levon Plourde

The amount of active listings are as high as they've been since about 09/2019. Prices are going to take some time to come down as sellers are still using comps from 4 and 5 months ago and that does not accurately reflect current market sentiment amongst buyers. We've shifted to a buyers market and the music has stopped on a lot of listings. Really good looking homes with great yards and "fair" pricing will still go somewhat quickly, but the below average homes in the below average neighborhoods are no longer selling like hotcakes.