I own 32 properties myself and have bought and sold over 300, including a few apartment complexes.

I'm terrified enough of doing this out of state, so I am not interested in additional complexities with BRRRR.

.- Complex process - Requires financing - Dependent on market conditionsAirbnb:Pros.- Potential for higher returns - Flexible pricing - Short-term commitmentCons.- Requires active management - Subject to regulatory risks - Income can vary seasonallyI wish you the best in your new venture.

Interesting but complex. 

The developer claims the price to double in a year as the complex is about to be ready.

Stay disciplined and avoid rushing into deals without thorough due diligence.Resources for InvestorsIf you’re new to investing in distressed properties or looking to expand your portfolio, consider leveraging resources like:Local Realtors: Realtors specializing in distressed properties can assist in locating off-market deals and navigating complex transactions.Community Forums: Attend a local investor meetup or join online forums for the Phoenix market.Educational Tools: Search out webinars, workshops, or courses on investing in distressed properties.Final ThoughtsThe distressed property market in Phoenix is creating some excellent potential for the right investors willing to go the extra mile necessary to take on strategic risks associated with this category of real estate.

Given that you're not married, that adds some additional complexity.  

I tried it in an apartment complex and it was an absolute dumpster fire and lost a lot of money.

One of the hard asset deals I was working on was opening a sports complex in Chester County, PA.

Perhaps the most consequential transaction involving creative financing solutions was a recent closing for a 20+ unit apartment complex in downtown Eugene.