The most valuable takeaway for others though are probably the data sources that I found while putting this together :American Fact Finder - This was a great resource, you mix & match different demographic, economic and geographic data tablesCity Data - Pretty well known, contains a variety of information on different cities, used for crime statisticsHUD Fair Market RentsUnemployment StatisticsCensus Bureau Quick FactsAdditional Census Bureau ResourcesIt took me a while to figure out where I could find good, reliable data, so hopefully this list helps someone else who's unsure of where to look. 

I would really like to get a jump-start on my portfolio in Phoenix before I move there, and the timing seems right in both markets; however, my biggest concern is getting into a property that eventually needs my personal attention on-site, for whatever reason, and ends up being a bad deal.  

There must be another source that they are using.

You can deduct repairs to your rental property from rental income regardless of the source of funds used to make the repairs. 

@Basit Siddiqi  I did buy in Dec 2017 and I guess you can call me a real estate professional since I have no other source of income. 

Matt Jones - Agreed, my BIGGEST fear is needing someone to hold my hand and lead me to my first deal.

I commend you for taking this crucial first step in your real estate investing career, and that first step is simply reaching out for guidance.Through the years, I have perfected and sourced undervalued property for immediate resale. 

The Houston economy is one of the biggest and fastest growing in the Nation/World so it is a great place to invest if you take the proper precautions.Here is one: http://www.harriscountyfemt.org/This is an interactive flood zone map.

You should, I've heard from reliable sources that is the greatest podcast in history... or something like that.Anyways, welcome aboard again, and good luck!

I would be very hesitant purchasing in a rural area especially being Out of State unless you know the market very well..Living in an expensive market I’m in a similar situation like you and invest in the 2 biggest cities in NC.