How hot is it in Phoenix @Bruce Woodruff  I moved to DC, having fun in the weeds of multifamily.

One hot topic to consider is getting involved in Qualified Opportunity Zones (QOZs).

They're just a hot mess.

Very hot topic right now is "Subto" -- have you explored this?

This property is 10 minutes from the University of Riverside and 20 minutes from March Air Reserve Base.

It seems to be the most sensible option given for us that our cost basis for the rehab is very up in the air.

That is a hotly debated topic in Florida.

For example:General-Filters (furnace, air conditioning, oven exhaust, refrigerator, and water)-Stove burner when the “eye” needs simple replacement-Batteries and remotes that service the premises-Fan and light pull strings-Smoke and carbon alarms testing and batteries-Ensuring appliances are properly plugged in, hooked up, and used-Removing dirt, debris, and lint in and from connection pipes (e.g. clothes dryer)-Tighten loose screws on all home functions (e.g. doors, hinges, handles, socket -Balancing off-balance appliances-Cable, internet, and phone jacks-Fire extinguishers-Systems operation (e.g. security, irrigation, HVAC)HVAC-Monthly A/C filter and drain line maintenance Electrical-Reset “tripped” GFI breakers-Light bulbs (throughout and at the end of the tenancy)-Blown fuses-Reset breakers in the outside and inside breaker boxes-Socket and plug outlet coversPlumbing-Unclog drains or toilets-Caulking around tubs and showers as needed-Gas pilot lighting-Leaky faucets and shower heads-Toilet flappers, handles, seats and seat lids, tank lid, and flush kit-Sink and tub stoppers-If septic tank present, use RID-X as directed on consumer box-Proper cleaning of garbage disposal-Loose faucets and sprayer heads and hoses-Faucet filters (i.e. aerator)-Open exterior plumbing clean out when necessary (e.g. sewage backup)Exterior-Routine lawn (and pool) maintenance-Adjusting sprinkler heads as necessary-On the last month of tenancy, tenant must perform required lawn maintenance no sooner than 2 days prior to vacate dateThere’s a lot to consider as a landlord.

As well as doing annual inspections on HVAC systems, make sure detectors are working properly, air filters are changed and just to make sure the tenant is taking care of the property? 

If you look at Orlando since the year started, any time the rates stayed consistent on dipped low (6.6% in May) then you saw an increase in closed sales.I think if you are buying for appreciation and plan to hold long term it is still a good time to buy, because once rates do start coming down, I think we see another hot market and prices increase, like we've seen so far this year.