Working with the city to find a solution.There is a similar situation near me where an investor bought a short term rental house, rehabbed it, ran it for a while, and then got in trouble with the town after a neighbor complained and the town said short term rentals weren't allowed in the community. 

While some reductions might increase short-term costs for investors, a more balanced budget could stabilize inflation and interest rates over time.

I think the short term effect on rents is virtually zero - illegal immigrants usually live multiple numbers to a home, rather than everyone having their own space like Americans - but longer term there may be some softness at the bottom levels of rentals. i would be more concerned about the lower economic job market than I would be about rental housing.

With countless loan options, complex terms, and strict lending criteria, it’s easy to feel overwhelmed.

Part of the motivation for congress writing Dodd Frank was to clamp down on the investors offering preditory terms re  rent to own and seller financing and that view has carried into craigslist rent to own adds and you say zillow. 

Shortly after this, I was reviewing some of our financial statements one month and noted a $2000.00 charge from the HOA management company. 

The contractors who do work for me have zero issues with me sourcing the material if disclosed up front and not holding them accountable for any material issues.  

The question being, does this still hold true for Arizona?

I would have asked you what your long-term goal is but you have already thought about it.

The sale of our home will provide us with approximately $150,000 to allocate toward investments.At this stage, we feel most comfortable focusing on long-term rentals.