I’m based in Portland, Oregon, where residential investing seems challenging due to landlord-unfriendly policies and negative cash flow on higher-quality properties.

It is first reported based on when it's in service. 

I am a real estate broker and property manager based in Clarksville, TN and I specialize in working with investors.

Based on how many people have moved here from other states (specifically California, Oregon, Washington, and then a few areas like NY/NJ) along with the amount of redevelopment projects and the chip factory that was put in - I think there will be further appreciation for the foreseeable future.Will Phoenix economy be depended on this chip factory?

and are you certain that the appraisal is based on AS IS value and not subject to value (ie value after repairs)? 

What is the $1,700/month based on, and which neighborhood is this?

I would need to consult tax consultant for this however I expect to reduce my effective costs by ~$1,495/month (based on a 32% tax bracket).2.

You should consult a tax professional for an answer based on your unique situation, this is not tax advise just general information.

The information provided is based on my experience and industry knowledge but should not be considered legal, tax, or financial advice.

Across the board, the worse the neighborhood, the better the cash flow, the better the neighborhood, the trade off for tenants base, better schools, low crime, etc etc.