This diversity provides a certain level of stability to the job market.Population Trends: The population has seen modest growth in the last decade.

You don't have to spend a fortune and buy a house directly on the beach to do well, but your starting price point for a viable option in this market is around $350-$450k for a solid 2-3 bedroom oceanfront condo or around $500k for a 3-4 bedroom house within walking distance of the beach. 

This website has been so enlightening to me but I am super new to this.

This is less of an issue here that what you all are describing.  

Purchase price: $1,200,000 This is a 100+ pad community located near Downtown Bloomington (Near Indiana University).

I purchased all at $300 each and am thinking of placing cashflowing assets on them instead of reselling them, since resell value is around $1200-$3000 each. 

.• This balloon payment will be paid through a cash-out refinance of an investment property valued at $198,000.7.

This can sometimes help with regulations and building codes.Just my 2 cents. :)

They list properties on their own site, plus Airbnb, VRBO, Booking.com.

Cosmo - I personally don't know Phoenix well, but if I had to do this in another city I would look at income levels, crime levels, and population growth (if you can) by zip code and/or area within a DMA as a starting point.