I'm looking to take action; and value following proven methods.

Quote from @Gabe R.

Meaning, as long as CC&R's do not restrict STR's, they have to permit/allow STR's if you go through several steps.Yavapai County is not currently requiring anything- as long as no CC&R's restrict, it's fair game.

What methods or factors have you been looking into when choosing properties for your portfolio?

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If you're planning to originate loans with a note rate significantly under market to help with home sales, you're not going to be able to sell them at par anytime soon and I doubt many private investors in your fund will be satisfied with the low yields that would result from the method you described above.

Quote from @Russell R Massey: I am looking at a constructing a single family that would extend into the floodway (not Floodzone) of a studied stream.

I am leaning more towards the buy it off the market and list it on the MLS method.

My business partner and I are in the process of ending a very successful 10+ year partnership in which we managed to build a portfolio of 50+ units through the BRRR method.