This way there's low risk in the beginning.

You'll definitely get the long term appreciation in the San Diego market since our supply levels remain low which helps to insulate our market here, but it will be hard to cash flow on immediately unless you use one of the above strategies I mentioned. 

We will have a light recession + higher inflation, but not hyperinflation and this euphoria we've faced in the last 4 weeks.

the GreatSchools rating is low for Elementary, Middle, and High School.Is anyone familiar with the new subdivision? 

HELOCs let you access equity as needed, keeping costs low unless you use the funds.Key considerations: If you plan to scale quickly, the HELOC might provide the liquidity you need for faster moves.

As others have noted the number of MF properties in the greater Phx area is low compared to many markets and the number for sale is even lower.

There was also a failing retaining wall in the rear of the property that completely blocked natural light form a handful of houses, and was technically on the property line and a shared responsibility.

Why do you think the demand is low?

If the property only needs light cosmetic updates, 3 months might be doable, but for more extensive renovations, it’s going to take longer. 

I have the ability to cover all the expenses if there is vacancy, which this property has low vacancy.