You could put most of your funds in the stock market and access them when needed for a HML.

I know pools are a must have amenity to compete in many markets and I have to admit that I'm a bit hesitant to enter those markets due to the potential liability risk.

There are very few markets that cashflow with 100% leverage.

There is no additional "risk" on the note like a demand clause etc, but you have  extra expense in upfront one time costs and the pre-payment penalty that most programs are sold with if rates do drop as expected in the future.  

However my market is currently Arizona.

There are different programs for 1-4 units, 5-8 units, and so on.

Do you have experience and know the cycles of your market so you know the best price?

Pushing into other, close-by, markets is the best (and maybe only) way to make it work.

I'm actively seeking mentorship from someone with experience in similar markets who can shed more light on this process.

If things go sideways, you discovery greater rehab expenses, the market takes a turn for the worse, you can get in the red quickly.