Biggest thing is to have a game plan and discuss it with a Banker to look at the mortgage options and go over numbers for best overall return. 

It's likely to keep getting eliminated in areas and while a good business for true business people who care about the people, 99 percent are just out for a small check and fail fast.

In Tampa or Tampa area the opposite is true as big homes do not have a large market share#3.

This is true regardless of whether the property is in an Opportunity Zone or not, as the Opportunity Zone benefits don’t exempt you from depreciation recapture.

@Andrew ThomasDm me, i can get you a game plan to follow.

As long as you are willing to play the long game you don't really have a reason to be overly nice or flexible with this tenant.

I'm a bit late to the game on my reply, but am here if you need another resource as you plan for your first investment property in PHX.

Its more of a value added job than it is true investing.  

They didn't want men gambling away the house in a poker game and leaving the women and children without a place to live.The intent I think for a home to be designated your homestead is that is where you live. 

It's all a game.