Hi Joshua, the amount of down payment also changes with the cost of the property, so starting with a less expensive property may be smart (for multiple reasons).

Multifamily is recovering and as rates start to slightly come down more multifamily deals are being reviewed.

Hi Drake,You are in the right space to get started, so congrats on taking the first step.

I would suggest a good PM to start if you don't have a solid background in hospitality or at least something in the service industry.Self-managing can save a ton of money if you know what you are doing. 

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.

This chart I thinks shows it best, inventory does increase over last summer/fall though still well below historic norms, but it actually starts coming down over the winter. 

I have been in property management for 20 years, almost 3 years ago I moved to Birmingham AL to start my investment journey.

Most larger communities will have a Homebuilders Association, i would start networking to find a builder that can finance the construction. 

Those holding higher-rate loans should start preparing for refinance opportunities in the second half of the year.Scenario 4: High Inflation and Rising Jobless ClaimsIf inflation remains high while job losses increase, it signals uncertainty in the economy.

It took about 5 years for my assets to start covering my expenses.