Do buy and hold rentals make sense in Phoenix area?

[Anthony Maza]

My primary interest is in Buy and Hold investments, but it seems like it's really tricky to find anything that makes sense in the Phoenix area, unless it's in a really bad part of town. Is Phoenix just one of those areas where other strategies make more sense? I'm sure there's something I'm not seeing and I would love to learn from someone who is familiar with this market. Thanks!