Obviously very new to all of this so I know it may take me a bit to figure out what I really like, but initially I know I want to get into buy and hold, and I would love to do that with more of vacation rental style vs the traditional buy and hold.

As in other startup companies or traditional businesses?

It's a traditionally very low income neighborhood.

Crystal,You could use the BRRR strategy, which involves using a hard money lender to buy the property and then rehabbing and renting out the property and ultimately refinancing with a traditional loan.

If there are too many renters vs owners traditional financing becomes nearly impossible or if HOA doesn't have enough money in reserves or enough liability insurance then its most likely that financing won't be possible.

This is much better than realizing any temporary tax savings like contributing to a traditional IRA or 401(k).

We have been using traditional financing thus far but I fear that we are close to our limit on acquiring properties through traditional financing.

I've either self financed all of my projects or secured traditional mortgages.

I have access to some off-market opportunities, REO's, as well as traditional MLS deals (where good buys still pop up). 

@Jeffrey Evilsizor I am no expert in construction law in AZ, so don't know if there is some liability you will retain after the sale of the property, so you will want to check out this angle with a lawyer.From the insurance perspective, you are not incurring traditional GC risk if you are doing the work for yourself, on your own properties.