Otherwise, get a HELOC to access the equity to buy a home in AZ.

For context, I'm based in the SF Bay Area in CA and looking into buying my first OOS rental after house hacking locally for 10 years.

I would recommend you look for a good neighborhood to buy a multi family in.

We were able to negotiate a buy down on the interest rates. 

Anything you buy in the Columbus Ohio market is currently blow up in terms of appreciation growth so it's one of those markets you want to hold the real estate for the rest of your life.

Quote from @Garry Lawrence: I need advice on a serious situation involving a property I’m about to buy.

I'm buying another home, and need as much as possible on Line 13 as an add back for Lending At first he disregarded the entire amount and put in last years carried forward depreciation of $1,346I asked to reflect accurate number of $19K again explaining its an addback for me. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

@John Lasheri agree with you, you'd be surprised at how many people listen to Grant Cardone though, and decide that they're going to go buy a 100 unit with 'OPM' as their first deal and quit their job.i think buying something of that size with a few partners is a perfectly good goal. 

Focus on getting the first one and try to buy one a year.