I recommend you discuss and plan this in depth with a local lender who knows your market well. 

It is a very competitive market and units in the tens of thousands.

If the house were in perfect condition, it would be worth around 250-275k but as of now, selling isn't an option because we may use that property in the future for our business. 

The Phoenix real estate market continues to be a hot spot for investors looking to maximize returns.

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Another concern is after the two years, I still wouldn’t be lendable for most properties in my markets due to that lack of income. 

My daughter and grandkids would get the house. 

If you buy a house, you have to care for it.

For multifamily, target markets with strong rental demand, value-add opportunities, and creative financing options like seller financing or private capital.

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