The home was on the market for over 200 days, the builder offered 15,000 discount.

Are you a buyer in the Arizona Market?

You rarely will get both (at least not right now in this current market).If you want to explore different opportunities within various areas of the Valley, get a seasoned investor-friendly Realtor who is competent. 

Rent control laws are market specific.

I haven’t completely dismissed the possibility I can get into some great markets out of state, it’s just the unknown is so great about it, I haven’t given it a ton of thought. 

Im not expert but Ive took out a heloc and dragged on going on my advise and it suckedHi @Mario Morales, There are 2 things I would pay attention to in the scenario you describe. (1) Most cash out loans are limited to 75% -80% LTV meaning you wouldn't be able to get all of your cash back out. (2) The interest rates I see in the market are closer than what you've listed.

We bought for 130k, put about 45-50k into it and the market is showing we should be able to sell around 300k. 

I want to be able to find potential markets/listings nationally based on the return.

Im just getting started in the STR market.

I'm a new investor in the market, I'm looking for reliable GCs in the area!