I currently broker LIHTC multi-family for a large firm coast to coast and am also interested in MF in the Arizona submarkets as well, and will eventually invest on that scale - I just figure breaking into the state through SFH flips may be a more risk adverse way to understand the pros and cons to phoenix submarkets.

From my understanding, it might be more advantageous to refinance as a rental property at a lower LTV with income from two units, rather than as owner-occupied at a higher LTV with only one rental income considered.

I understand there is some regulation on this because it's consider as robocall.

I obviously have no way of verifying whether you own the asset or not, but find it odd that you'd throw away years of attempts at building your reputation and leave BiggerPockets rather than simply shut Melanie up by stating that you own the thing. 

However, in my experience the good wholesalers understand comps and construction costs, are transparent, have good referrals, and can actually get you in the property. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

And your net worth will thank you.If you still want to go ahead, you'd be better off buying a house than an apartment because, while the value of the building itself will go to 0, you'll still have the value of the land, bearing in mind that the land might actually lose value too given the depopulation and the yen depreciation.Sorry if I'm pooping a party but make sure you understand what you're getting into (which you're already doing by asking the forum) and then make the decision that's right for you according to your objectives.

Not questioning your judgement/assessment, just trying to understand the situation to best advise you. 

He has helped many real estate investors and really understands the niches in these areas for real estate investments.

I'm not sure I understand what you mean by "rear of my assets."...