There is an much art as science in financial projections and numbers change with the market.  

@Chanel Snerling if you're going to rezone in those Neighborhoods, you'd be better off going with max number of units possible.What construction project development & management experience do you have?

The reality is that you need a lot of time and money up front to get your project started and you need to really work on building your credibility.

Based on how many people have moved here from other states (specifically California, Oregon, Washington, and then a few areas like NY/NJ) along with the amount of redevelopment projects and the chip factory that was put in - I think there will be further appreciation for the foreseeable future.Will Phoenix economy be depended on this chip factory?

My wife and I come from a manufacturing leadership and project management background. 

I work on projects across multiple states and have a strong network of contractors.Regarding when to involve a contractor, if it’s someone you haven’t worked with before, I’d suggest waiting until after the inspection.

I would say any rehab project would need to be fairly close to me.

This will give you some info so they are not guessing on what will be needed (they probably already know rough numbers, but each project is different).

My dilemma has been that I've gotten a little behind on some revolving debt that selling this property now could eliminate in addition to giving me cash on hand to trade into some better value or start a new construction duplex project I've been wanting to start.

Local market trends: Could you share any insights into current rental market conditions and future growth projections for these areas?