You can try and fight it but does not mean you will be successfulI would also be curious to see what your property insurance looks likeFor me this is just another example that home prices are gonna eventually have to soften as between taxes, insurance and Interest rates home affordability is very challenging

Phoenix has been a hot market for rentals recently, but consider how long-term trends, interest rates, or construction projects might impact demand.Here’s a quick story: A friend of mine bought a new-build in a suburban development a few years back.

Finally, what’s the rate of return for alternative investments? 

Good neighborhoods, excellent schools, and literally--where does the house I want sit in the actual neighborhood...I say does it look like a $650K house area when I'm done?

Evan took an online class and learned how to replaster walls and yes I do mean old school plaster.

With rates coming down should help some sellers off load over priced properties and will help buyers get aggressive with good class A and B locations.

With that comes different exposures and risks that they need to properly rate for.

The spread between what they're paying and what the market rate indicates is not that much.

 @Jessica Frisk I would not be keen on the 15-yr fixed rate mortgage if that makes you cash flow negative.

The interest rate and down payment requirement are lower than if it were considered a second home or investment property.