Cosmo - I personally don't know Phoenix well, but if I had to do this in another city I would look at income levels, crime levels, and population growth (if you can) by zip code and/or area within a DMA as a starting point.

So as long as the property is in the continental US and not in one of those states I then look at the population and population growth.

There are still deals to be had, aging population, probate deals, etc. 

Atlanta is a strong multi-family market with a diverse economy, a growing population, and increasing demand for rental properties.

Plus, with my name being the “John Doe” of the Hispanic population, I seem to get this crap often.

So many population/job growth/companies moving and developing here - Intel headquarters, Google, FB, Amazon, Nationwide, Honda, Anduril etc.

The macroeconomics are on fire here - population growth, job growth, and companies moving and developing here.

The city has a lot of momentum with major developments, population growth, and continued investment in infrastructure.That said, it’s not without challenges.

The city’s robust economic growth and steady population influx continue to drive strong rental demand, making it an ideal choice for long-term investment success.Best of luck!

It's one of the hottest markets in the US right now with so much population growth, job growth, and companies moving/developing here (26B Intel headquarters being built here, 68K+ enrollment in Ohio State University, Amazon, FB, Google, Honda, Nationwide, Anduril, etc.).