@Sean Dillon figure out how to buy a 2-4 unit with FHA loan.Then rent at least one of the units long-term for stable cashflow.Try STR in another unit as well as the other bedrooms in the unit you live in.You may even consider living in the basement, attic or worse unit in the building to rent everything else out and max cashflow. 

Taxes are calculated at sale prices and I believe much of these areas have had little to no re evaluation in years (I've experienced this myself on properties with rehabs that I've added double the size).  2) County vs "in town". 

Still, we've re-opened our VRBO listing and have just started a listing with Mini Stays to see how they perform. 

So, this will be something to double check.3.

Stealing stuff out of an Airbnb is similar to unloading the TV, bed and mini fridge from the Marriot.

You will likely need to rehab for any strategy but Co-Living will be more bedroom additions which is less cost compared to kitchen and bath remodels that are more needed for furnished rentals. 

So far, I’m seeing a mix of fully updated and dated properties, but I’ll definitely double-check before making a move.And you’re spot on about Phoenix moving fast.

It is zoned single family but since the previous owner is using it as a rooming house a few things look different that I am worried about the appraiser not passing:Outside doors for each room with locks.The only common area is the kitchen, no dining room, living room, etc.The rooms consist of 5 bedrooms, 1 kitchen, and 2 bathrooms.Each room has a bed and a small drawer which I am thinking of diassembling before the appraiser comes.Would I have a problem with this?

Whatever prices are offered by your chosen CPA, expect them to double with a partnership.

EBR housing allows around $1,300/month for 3 bedrooms.