If you want to develop it, I can refer you a lender that will lend on a completed subject to appraisal but you'll be limited if you just want it for the lot.If you simply want the land as part of your property, you have more options including a HELOC which you can still use for development down the road. 

The other cities you mentioned should be fine also.

Well I have seen this come into play - I had someone who has a note in florida that was a non-owner occupied loan and the lender claims the borrower failed to make payments on this and attempted to record the deed in lieu.

However, if you want long-term stability and predictable payments, refinancing might be a better option, especially for larger projects.

Thank you and to you as well with your future endeavors. 

The rule of thumb for me used to be that the property needs to be able to do 20% of the purchase price in gross rental income.

Looking for ways to expand my network as well as possible job opportunities. 

Each should be able to operate on its own.

With thoughtful planning, you’ll be well on your way to building wealth and achieving your goals.Good luck! 

I currently broker LIHTC multi-family for a large firm coast to coast and am also interested in MF in the Arizona submarkets as well, and will eventually invest on that scale - I just figure breaking into the state through SFH flips may be a more risk adverse way to understand the pros and cons to phoenix submarkets.