They do have a diverse economy in terms of technology, O&G, hospitals, and universities.

Hi Deep / Adrià,Thanks for above posts.I am a newbie just starting out on REI path and glad to find other people interested in Valencia.I was in Valencia and Alicante cities recently and felt more inclined toward Valencia (bigger city; more diverse opportunities instead of mainly tourism in Alicante's case).It'll be great to know your thoughts about good neighbourhoods in Valencia for long term rental investment.

You are talking about low rates, but those are usually promotional deals and not fixed.

Just curious the area, since there’s a lot of market diversity in the state.

Has he gotten a promotion?   

Great article from Crain's promoting all of the great things happening in the city and how Amazon would add to it. http://www.chicagobusiness.com/article/20180706/ISSUE07/180709949/chicago-wants-your-hq2-amazon-our-open-letter#utm_medium=email&utm_source=ccb-editorialpromo&utm_campaign=ccb-editorialpromo-20180709

You'll get a lot more diversity of opinions and facts as well from this method rather than paying 1 person to teach you just waht that 1 person knows. 

Is the local economy diverse and is the population growing as well as jobs? 

“Unless we are drinking a lot of Kool-Aid, then it’s a 25.”However, most syndications i have looked at seem to promote their skill in re-positioning to raise rents and adding value...and I am seeing plenty of sponsors promoting IRRs in the 20 ballpark...Maybe the big syndicators haven't caught on yet?

As you know Phoenix is very diverse so buyers will be diverse.I still think you need to figure out what type of investor you want to be, then the forum will be able to provide suggestions on which parts of town you want to focus on.