You might want to look up the pool requirements for Phoenix and Scottsdale AZ if you want to be the safest you can be, despite the lax laws in other localities. 

., but there’s some good news for renters: local rents have dropped to a 3-year low, with decreases of up to $200.

As we’re beginning to get a grasp on the scale of the challenges ahead we wanted to highlight a few areas of note and concern that is already influencing the local and national real estate market.

You should be able to find local builders that will finance the construction component of your new build, however! 

The local market has a lot of opportunities, especially if you’re looking into multifamily or creative financing.

However, especially if the investor is buying in an area they are not familiar with, they probably will not know the nuances of the local area. 

For several reasons (property taxes, politics), I would prefer to begin real estate investing somewhere other than locally. 

Start by getting familiar with your local market.

Also Cocktails and Real Estate at Patriots place.BP does have a local meetup section which usually has good local options.

I still attend local meet ups and talk to dozens of investors and am considering other strategies like Mid-Term Rentals or rent by the room.