I know that I will only occupy a unit for a limited time, and the house-hack is just a way to get more favorable rates, better loan terms, and elminate, or severely decrease my housing costs today.I am sure there is someone on BP who has built some wild spreadsheet, or other model where you can actually calculate the value of no mortgage, but for me, as long as I am covering most, or all of my PITI while I am occupying a unit, and the deal works as a stand-alone investment deal, then I am done running numbers. 

In my research it seems that some states have newer protections that can be built into the condo in the form of specific bylaws following a certain date(s)...I'm not sure about AZ specifically, but it may be something to research.

Right in town...some prefer, some don’t.

I invest exclusively outside of Fort BraggThe only benefit of buying in a military town is it can be somewhat insulated from economic downturns. the detriment is military towns are generally stagnant.

Keith,Northern Nevada has been booming lately due to low cost of living (which has been steadily increasing), taxes and businesses coming to town.

Make your adjustments for:Year built, Sq Footage, Baths, Half Baths, then start diving into condition.

I don't know if he has built this in SF but he further along in the process than anyone else I have spoken to. 

Permitting can even be town specific.

I use Transunion which is built into my property management software. 

Quick Story:Found a nice quadplex in my local town that an investor is selling for cheap.