I would start speaking with residential / commercial agents and property management companies close by and get a feeling if something closer by will meet your criteria.

While they offer great general advice, they can't speak to our market, or the potential of a property located in Scottsdale can provide if held. 

Just got off the phone with the zoning guy and he said since both of my lots pre-date the zoning regulations in the city, they're grandfathered in so-to-speak, which means I am able to build a single family on each one!

Look, @James Wise is arguably the "King" in this segment your speaking of and he's not gonna pump sunshine up your tailpipe saying it's all roses and fairy-farts.     

In speaking with our insurance agent, we decided not to make an offer.

Its tasteful but makes things a little cozier.We are not a luxury property, and that's ok. 

I cannot speak to the quality of the coaches but the sales staff seamed well trained.

However, a different niche such as insurance placements, might very well be in the 70%~ occupancy level but the rents are going to be so much higher that the occupancy rate (comparatively speaking) is irrelevant.

Living with your tenants can be very challenging speaking from experience. 

I had another person speak highly of New Western.