You're in a strong rental market, and house hacking a small multifamily in Phoenix is a smart way to build wealth.

I only invest in my home market.

market.

The local govts aren't getting better they're getting worse.

Best place to start is reading up in the forums, buying a book or two, listening to the podcast and attending your local REIA.

Quote from @Hemed Tov: I would really get with someone in that market that can dig in see what is going on with the market (comps), and also maybe the rehab was not as good of a job of what the market is yielding at 300K property.

Market insights and understanding the rental rates in the neighborhood.

Highly recommend partnering with a local realtor who knows the market. 

I have been very successful in helping clients acquire Airbnb homes and creating themes and uniqueness for their homes to be more appealing and marketable.

So far, this approach has saved my team so much time when sourcing on market deals.