The property is a full rehab, possibly more, and originally had restrictions from Freddie Mac requiring buyers to live in the home for at least a year, so I initially passed on it.

Building rapport is one of my strong suites so the chemistry tends to flow natural.

I think that the tax perks from having a rental make this more attractive than it might initially seem, but I have only done some quick internet searches, so I could very well be overestimating the upside and underestimating the downside??

Despite the closures, Phoenix's retail sector remains strong, supported by robust demand and limited new construction.

(some money may still be available from the initial $10K investment.)

If you're comfortable with these factors and the cash flow remains strong, it could still be a great opportunity.

Also is there any restriction like time period (at least x months after initiate purchase)?

Now, my focus is on building a strong portfolio, deepening my industry knowledge, and creating generational wealth through strategic investments.Welcome to the area!

@Long Wong my experience is that it doesn't have a huge impact on rent if the location is strong enough.I think it it is across the street from the football stadium or 20 bars then I think you can max out the rent regardless.If it's further away from "fun" then I would consider adding bathrooms.

@Chris CoreTo find cash-flowing properties for your first investment, focus on house hacking with an FHA loan, finding properties with rents that cover your mortgage payment, using real estate investment tools like BiggerPockets, and analyzing deals in emerging markets with strong cash flow potential.