I purchased a home 2.5 years ago utilizing the New York First Homebuyers Club which gives you approximately 8k in grants if you meet certain criteria, which I did.

Fortunately for me, I started investing a time in the market where everything went up.  

Quote from @Anne Christensen: I'm just starting my real estate adventure, but I do rent my basement on my primary home. 

Although, rents are starting to plateau all over Utah, if not come down, so just be cautious of that while running numbers.

Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.

You will have to gather more accurate operating costs (vacancy loss, taxes, utilities, insurance, mgmt fees, maintenance, HOA) to best determine potential future performance.

(ATTOM)While specific monthly foreclosure data for Maricopa County in 2024 is limited, earlier in the year, in April 2024, the county recorded 281 foreclosure starts.

Cosmo - I personally don't know Phoenix well, but if I had to do this in another city I would look at income levels, crime levels, and population growth (if you can) by zip code and/or area within a DMA as a starting point.

Also, if you are a minority, WRA has the Partnership for Success program, which helps pay for your start up costs.

I am ready and will be starting with property number one sometime, hopefully, quarter one of 2025 with a possibly 2 bedroom and 1 bathroom single family home; as this is within my current budget.