@Felicia NituIn addition if you actually want to realize that value, you need to count another 5% for selling costs, and the taxes from the sale.Assuming a 20% capital gains tax, your total ROI on the above scenario would be about 12%, even with the numbers you were using. 

Look into local tax incentives and financing options, and reach out to local real estate groups or mentors to better understand the market.Good luck!

I think you’re under a misconception that’s leading you to think you have options you don’t…You say it’s worth $1.1M and you’d net $500k.

I am looking at different loan options but to break even (not having to put any money of my own in the house after the initial down payment) the current down payment required is that much. 

Like that was optional? 

This way, you build income-generating assets first while keeping future options open.

Sounds like you have some options which is great man.

.: Quote from @Stepan Hedz: Phoenix, AZ, offers a young myriad of options for real estate investors, particularly in the distressed sectors.

Large deposits are nice, but very difficult to actually get access to escrow funds in the event of default.

Transportation options are plentiful.