I'd lean towards the land deals all over that region with larger ranches being broken up into smaller tranches. 

According to The Cromford Report, run by Tamboer, here are the buyer breakdowns for homes sold through the Arizona Regional Multiple Listing Service:During October the intended use for single-family and condo/townhouse properties in Maricopa and Pinal counties was as follows:Owner-occupied primary residence - 77.3%Investment - 12.2%Owner-occupied secondary residence - 8.6%iBuyer for re-sale - 1.6%Unknown - 0.3%The entry-level price point for SFR in neighborhoods with well-rated schools is about $350,000.

I actually spoke to his regional manager yesterday and he confirmed yesterday's start date.

This is my first investment in this region, so any advice is much appreciated.

Each property is a on an individual loan with a regional bank.

Purchased to live in while I was a regional pilot.

I live in the capital region in NY. 

If you are looking in regions of the country like the northeast with a lot of older homes, how do you think about asbestos?

I'd play the appreciation game by holding onto your condo since you already own it, then balance with some cash flowing properties in another region. 

You can get a nice home for 400 k that would be 2 m in Vancouver or Toronto.