I use to work for Van Metre New Homes, in the architecture department, so I was aware of all the building that was going on at the time. 

With gentrification, some of that older housing gets rehabbed and thus preserving some of those older architectural elements; of course, some will want to raze these older properties to have a fresh start from the ground up.

Don't rent to someone who will practice law, accounting, architecture, run a convenience store out of the house, an auto repair shop out of the backyard, or any other business2.

Their place is in the Panorama Park area. 3/2 fully remodeled with a salt water pool (entertainers pad for sure).

I will graduate with a degree in architecture in May 2020.

Not counting architecture/permitting/engineering you can build an average new construction house here for around $105-$110 per foot (including basement square footage).

You can always beat the projection by stacking "value layers".. things like unique architecture, bedrooms per dollar, views, amenities, interior design, availability (mentioned above) will be your drivers of revenue more than actual location.. so, while location is important, in my opinion, it is NOT the MOST important thing when underwriting. 

Or they will take the plans and submit it to their architectures or engineers and let me know in a few days afterwards? 

Hey Lee,I do Architectural design.

Hello Andrew, You could try the following...PHX Architecture https://phxarch.com/3rd Story Architechture https://www.3rdstory.com/Best of luck!