New Member looking for Multi-Unit investors

[Alex Thomson]

Hi everyone,

I have a 1/3 Acre property in downtown Phoenix, AZ with a 2br1ba home plus a standalone casita behind it. I've owned it for almost 3 years, and intended for it to be a quick flip but it unfortunately turned into a nightmare instead when the market tanked. After finally getting squatters and career-criminals removed recently, the house is in complete remodel condition again.

Unfortunately, I live all the way over in NYC making it extremely difficult to pick up the pieces even with the help of some nearby family. I'm currently getting quotes from contractors but I can't help but wonder if local investors may want the parcel of land (considering its generous size) to rezone and build multiple rental units on it like several other properties in the area. Where would I even begin my search or the conversation there? Is it even worth considering since it'll likely take more time and may yield less value than rebuilding the home to sell?

It's been 3 years of putting a lot of my life on pause to just scrape by, and I'm considering all options to get off of this carousel. All thoughts and leads are appreciated. Thank you!