Cosmo - I personally don't know Phoenix well, but if I had to do this in another city I would look at income levels, crime levels, and population growth (if you can) by zip code and/or area within a DMA as a starting point.

looking to arbitrage a deal with a home owner I know, This might help the previous question above as well. 

So I would agree to instead get a lender that you can scale with.But it looks like you got a credit union to give you a good rate, better than most as well 

We have ownership in 3 STR properties on Beech Mtn as well as one in Blowing Rock. 

I also agree that Akron is a viable area as well, but Im still finding the best deals in and around Cleveland.

Rental arbitrage has worked really well for me in Berlin, generating solid profits with a high-margin model.

I've been burned renting to friends, leasing rentals to friends doesnt end well. 

Well, I'm going to see how she left my apartment today, we'll see how she did.

When it comes to finding good wholesalers, a few approaches have worked well for me and others in the industry:1.Local Networking & Meetups:Check out local real estate investor associations and networking events in the Akron/Cleveland area.

I intend to add a closet to the den and make it a 3 bedroom adding value as well as remodel the entire unit.