I would suggest going to independent landlords and staying away from larger apartment complexes.

For me once I've identified the target market/ideal guest, my rule of thumb is if enhances their stay/they'd pay extra for it splurge.

Also, take time to understand Arizona landlord-tenant laws to stay compliant and protect your investment.

But stay active doing SOMETHING.

With the use of VRBO, Booking.com and direct bookings can all raise your chances of staying booked and being successful.  

A mere "pet" must either stay home or charged extra for. 

Quote from @Johnny Lynum: Quote from @Billy Smith: I like SFH in the A-B area rent it you do the  upkeep  doing as much as possible your self to help max your rent out .I like to pay down the note as fast as possible .If in a C-D area I would flip the SFH wash your hands of it.SFH are generally easier to unload if you get in a cash crunch, I like staying in the first time home buyers level of a SFH  keeping it in a hot zone .If I were a BIG fish I would do deals at various level's of course after  doing the home work . 

@Brendan M Hornung If you purchased a subject-to (sub-to) rental property, filing taxes correctly is key to maximizing deductions and staying compliant.

I would tell people today that if you buy a primary residence expect to stay in that home for atleast five years, especially with a FHA loan which has lower down payment as the current forecasts for home appreciation or very low which with closing costs on the buy and sell, it will take several years to have equity in the property and enough to be able to sell, so that is something also to consider.

., staying in rentals.