The job market is more diverse and growing faster thanks to companies like Intel moving in, which typically means more stable property values and a broader tenant pool.

There are many ways to get around it, faster than it kicks in.  

They can separate themselves from traditional real estate investors by building a robust EIN Corporate Credit ("Ever-Increasing") investment infrastructure that allows for faster portfolio expansion and more sophisticated financial maneuvering.

They sold two appreciated duplexes in Dallas and we turned them into 8 units in Mesa, AZ with higher cash-flow, and much closer proximity to Southern California.I'll add to your Phoenix "pros" list:1) Landlord friendly rental rules2) Easy evictions in < 30 days3) Rents are rising faster (on a % basis) than many other metro areas4) Low property taxes (and the property taxes don't sky rocket after a purchase as they do in CA)5) Very low vacancy and extremely high tenant demand.

If your rental income increases faster than inflation, you will have the additional dollars you need to pay inflated prices.

If you truly don’t believe the property will appreciate and that rents will increase faster than expenses you should NEVER buy that property.

December 2024 will speed up your deduction by a year, so you will get your money back much faster.

This approach ensured minimal holding costs and a faster return on investment.

But that extra $7200/year will go a long way in paying down your loan faster, build up another downpayment fund, pay off other debt, etc. 

That may allow you to save for another property faster.