@Thomas FarrellRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Although, some of the information was not required either time and some was required both times.

There is already per sq ft metrics out there. 

Not to mention the general PHX market has become expensive and people have already been looking for cost efficient alternatives in the northwest and southeast corners of the valley. 

(should have documented, dates may not be exact) What made you interested in investing in this type of deal?

One is via the contract route, where once "rent stabilized" your effectively out of it. 

Quote from @Michael Addison: Hello,First time out of state investor from CA interested in Cleveland. 

My name is Austin & i am sorta a new wholesaler out of Maryland!

Birmingham’s market is diverse, with various areas offering different levels of potential and risk, so getting boots on the ground can be one of the best investments you make in terms of time and money.I’d be happy to connect and share more about what I’ve learned from my experience managing properties in this market. 

As an out of state investor, I would love to connect and potentially have a property manager in my team that experience in Section 8 rental.