From what I've seen in this area right now, it seems like you'd have a hard time paying market LTR rents and making a good spread. 

Unless you can knock all of those items out in the next week, price competitively in the market and are in a hot area. 

.- Issues with cleanliness and respecting common areas.- Requests for repairs at inconvenient times.- Navigating tricky landlord-tenant relationships when you live on the same property.While some people thrive in this environment, others find it difficult to balance personal space with their role as a landlord.### 3.

Can you share a link that would take me to this area, as I can't seem to find it and thus the reason for me reaching out here.

Is it really that HCOL of an area?

Focus on high-demand rental areas (suburbs for multifamily, tourist/business hubs for STRs) and consider scaling with the BRRRR method to build passive income.

Can anyone share a breakdown or budget for a similar project in a similar area?

Booking.com leaves Airbnb in the dust in my area.

I'd love to hear people's thoughts on the current market and any success/fail stories in the Phoenix area.

Then I'm looking at the active comps in the area as well as what the market in that location has done over the past month.