We have around $150,000 available for investment.We understand that finding deals in this price range in Phoenix itself might be challenging, so we’d love to get your input on areas near Phoenix where our budget could work.

I'm curious to connect with any other STR/ MTR owners in that area to get more info on resources that are in the area and what challenges/ successes you have had there. 

This is a challenging time to place tenants.  6 weeks is my second longest ever with the longest being a unit that was ready mid December and took over 8 weeks. 4 months is long.  

I think I would recommend people start class b but I recognize the challenges to get the numbers to work.  

I recommend you call a local agent or broker to give you a better lay of the land so you understand the challenges/opportunities in this area.

If you do, you should expect a very aggressive challenge by the IRS.At $350K of combined value it might be worth the cost to get a segregation study if you intend to keep these a long time.

It's a challenging enough market with an abundance of bad actors.

They have definitely become more challenging since rates have gone up.

Raising capital with your existing track record is going to be extremely challenging.

Real deals with real economics rarely face allocation challenges.