In Texas, I understand that's rather short duration process.

As for the numbers, it really depends on a combination all together of that local market, the seller's expenses, fair rental and sales prices, condition of the property, duration of the lease and option, willingness and ability of a tenant, etc... 

Keeping a cancer patient alive today, can cost between $1,500-$2,500 a week for the duration of the illness.

Dry wood termites surrender to rapid thermal death when exposed to their established lethal heat temperatures for as little as a 5 minute duration period.

Each cycle is always different in duration and intensity.The last cycle was fueled by unsustainable leverage in the real estate market.

Since my I.T. consulting work allows me to live at different locations around Los Angeles for months at a time depending on the duration of the contract, I can live on the property and then move out and rent it out after I get another contract at a different location.

I have been funding projects for about six years in my back yard (Vancouver WA / Portland OR metro).Typically 15% simple interest for the duration of the project where your note/terms are recorded on collateral title via Trust Deed.

But it depends on the duration, 2 night we will stay in a hotel, longer stays in an STR. 

To make matters worse, he counts this hypothetical TI against my NOI (TI is paid only once during the duration of the whole lease) & calculates the new number as the true NOI.

If you want to be done with the Phoenix market you could sell and buy some short term notes or partial notes with 3-5 years or laddered duration, to park your cash shorter term while waiting for the next cycle.