Ranges can be fine if they’re in good condition, but inspect them thoroughly.

It's a good idea to set expectations early to avoid disagreements later.

I am also self-employed and have a good amount of time to work on this.Now I need a house.

If you haven’t already, I’d scope out the municipalities around town.. from what I read in The Economist, the Phoenix metropo area continues to rank high for job growth, which usually bodes well for new builds.

Is a HELOC a good idea for buying a property?

Cons is obviously liability, so you need a good rental agreement, higher electricity bill and maintenance cost.

Normal mortgage rates are in the high 6's now, for a personal residence, and higher for an investment property. 

They are pretty cheap, and good ones pay for themselves. 

Good luck & happy investing!

I recommend you go to the source and educate yourself on all the landlord-tenant laws, particularly in an increasingly regulated state like Colorado.Here's a good starting point: https://doh.colorado.gov/landlord-rights-and-responsibilitie...