@Bob Okenwa@Patrick Kaiser Thanks for the thoughtful replies.Bob, it appears that PHX has dramatically improved it's economic diversity as measured by the Hachman Index (below). 

If I don’t hear from you in the next 10 minutes, I will assume you aren’t attending and I will move on to my next appointment.Using this system as dramatically reduced any wasted time I used to endure as part of the showing process as well as giving me data about their timeliness/responsiveness/respect for others' time.I also schedule showings consecutively, 15 minutes apart. 

In 2008- 2010 for example the availability of investor financing dropped dramatically and investors struggled to find new lenders to get deals done. 

Even though we had to come out of pocket monthly house hacking dramatically reduced our living expenses!!  

The cost of rent has risen dramatically over the last couple years.

If I were the lender, I'd treat it as senior debt (which would dramatically change my terms). 

I like the way you think as far as the type of areas you're looking in, it'll reduce your risk dramatically for undesirable renters making the investment much safer.

Unless rents are outpacing sales pretty dramatically, consistent 75% LTV may accelerate you into a DTI wall.There's not really a 'correct' answer for how much leverage is adequate...it depends on many factors specific to each individual/business.

The commute Eastward to Irving (major IT employment center) has improved dramatically with completion of DFW Connector project in Grapevine in 2013, so this area is being more positively discovered by commuters to Irving.If you've read this far, I hope you benefit from the info.

Is the amount of housing in your area increasing dramatically?