One I know is based in LA as that's a huge market of course..

When you design with that in mind—an outdoor dining table on the deck to enjoy stunning views over dinner, a decked-out game room for in-house entertainment since they’ll be tucked away in the mountains, cozy nooks for reading or morning coffee, and a fire pit for late-night conversations under the stars—it enhances that experience and makes your property stand out.At the end of the day, people book based on how a space makes them feel, not just because it has a bed.

One challenge was getting the hotel occupancy up after renovation since no one had booked or stayed in years so there was no existing guest base.

South and South East is less expensive, but you're not going to get the appreciation and my impression is it's not as good a tenant base.

I recommend that you find a trusted or recommended Mortgage Loan Originator (MLO), who can give you options for property-based loans (mostly investment loans) and they don't use your taxes but the P&L of the property.

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?

If a single-family owner-occupied property is worth $400,000 - I wouldn't invest more than $280,000 (70%) in a note secured by the property.ITV takes priority over desired yield - so even if the note discounts to $350,000 based on desired yield, the investor still won't go beyond their maximum ITV. 

Based on what I currently owe and how high rates are this doesn't seem worth it to me.Does anyone have any advice on what the best way to do this is?

They should be bale to guide you more based on what you are looking for in the area. 

we ran into this in FLA  a few years back when I had 4 starts and I exited that market.. permits  sub base all pretty tough for someone who is not there and already knows the systems hands down and has a devoted loyal sub base.. thats the key in my mind.