Challenges?

You could also try to find a seller who wants to do seller financing and take a risk on you, which would be challenging to find.

But if your goal is to cashflow positive from the Day 1, you may find it very challenging due to current day interest rates, high cost of construction and the fact you won't have the efficiencies of a seasoned developer building at scale.

So, even when the market is challenging, you can still see properties and stay current.Don't take a break when the rates are high.

If you need the cash flow to live on and it will improve your lifestyle, then go for it.

Hey Tod, I took a very brief look at your first listing, airbnb.com/h/newport1bedroom, and the thing that jumps out at me as far as improving it is: address the 1-star review head on without attacking the reviewer.

The challenge is knowing how to scope out the renovations properly and understand your construction costs. 

We have around $150,000 available for investment.We understand that finding deals in this price range in Phoenix itself might be challenging, so we’d love to get your input on areas near Phoenix where our budget could work.

@John Sherwood The areas you mentioned are certainly high-demand areas, but they come with challenges.

Do you have cash reserves for capital expenses and improvements?