Now, I believe I need to go Conventional cz I'm looking at 2-4 units and would need 5% down?

Property 1: 4/3 LTRCurrent Value: $475kPurchase Price: $363kDown payment: $40k (30 year conventional)Interest Rate: 2.75%Remaining Balance: $294kMortgage payment: $2369AVG revenue: $2775Property 2: Duplex - 3/2 House Airbnb & Detached studio apt 12mo leaseCurrent Value: hopefully within $575k-$600kPurchase Price: $591k (appraised at $599k)Down payment: $30k (30 year FHA)Interest Rate: 6.125%Remaining Balance: $552kMortgage payment: $5041 (including $362 PIM)AVG monthly utilities: $385 (full year avg)AVG monthly revenue: $5261 (full year avg airbnb + $1650/month from apt)

I haven’t had any issues with nurses complaining or having lofty expectations like others have mentioned, but maybe that’s due to my area having zero inventory (perhaps they are more appreciative here than other locations?).

Get familiar with FHA and Conventional loan terms. 

How much new inventory is coming online?

@Chris RobertsLet's air this out... a mortgage not being reported on your credit does NOT give you a pass for conventional/agency financing. 

Demand is high, inventory is still low.

Run comps, look at how much inventory there is in the specific neighborhood you are looking at and make sure it is not saturated with inventory.

That is really the epicenter of growth in Metro Phoenix for the next decade.Since Metro Phoenix has a healthy inventory of homes in your buy box and interest rates are keeping many buyers on the sidelines, it's a good time to be a buyer in Metro Phoenix.Hope this helps,Melanie

How much inventory will still be on the market?