I have a great property in PHX that we have listed for sale, but I would be interested in running an RAL out of my house (already furnished, 5 bed 3 bath, single story ranch style home with two master bedrooms and a pool). 

We live in the front half and airbnb the private entrance 1 bedroom, 1 bath, living room (hotel suite style) back half that is separated by a door that we deadbolt.

@Rob Ibarra No matter where you look, start with the zoning and make sure you can have a food oriented business at the property. 

With its inviting curb appeal and well-maintained landscaping, 17 Penny Lane stands as a testament to both style and practicality.Upon entering, you are greeted by a warm and welcoming atmosphere that flows seamlessly throughout the property.

no pacific north west investing.and PM companies around here are 8% with 50% lease up if you're in residential space and around 6% flat for multi family oriented PM's 5+ units.AIO is for primary and secondary homes only (not for investment properties).

You might be able to erect a shed style place for that, but that's minus insulation, electric, plumbing, finishes, furnishing etc etc etc.. $3k is fantasy land. 

The other option is old school punch each debt in the face Dave Ramsey style. 

And the structure cannot be an older style with under-sized studs, beams, headers, etc. 

That may translate to your start applying to real estate oriented jobs while you still work your day job… or more sweat equity on your days off to learn more and more.  

Collecting the rent 1930's style.