Also, on the back-end as a rental, how large is the rental base for tenants that make enough income to afford a $3,600 per month rent payment or higher? 

Does anyone have a copy of the Arizona Vacant Lot/Land Seller's Property Disclosure Statement form (Oct 2021 version) that they can share?

Otherwise, you'd need to based the financing based off of the purchase price (possibly plus renovation).Since Conventional rates change daily and the rates have jumped recently, DSCR rates actually are in similar range at the moment.

When calculating cap, and other deal analysis criteria, none of them talks about how to assess the property in terms of its appreciation based on structural quality such as brick exterior versus vinyl.

I have studied several metrics tied to this for example the rebound of unemployment, population growth, crime rate etc. and there doesn't seem to be a playbook on timing of any of these factors unfortunately.I do agree with you that we are near the bottom, and based on recent data some may even believe that we have already bottomed...I have thoughts on that, but I will save that for another post. 

. - When starting out, keep in mind that everyone speaks based on their experiences and mindsets.

Contract forms and other necessary evilsI'm a member of the California Bar (based in God Bless Texas) but not offering legal advice here - just a word to the wise.  

Fort Worth based with the organizer Jimmy Reed.

I'm wanting to connect with an asset protection specialist to ensure that I have legal entities etc. setup correctly and I'm covering all my bases.

Here's how it works in a nutshell according to IRS Pub 946.Consider depreciating rental property costs that may last > 1 year and aren’t eligible for De Minimus Safe Harbor (more on DMSH at a later time).You cannot depreciate the cost of land because land does not wear out, become obsolete, or get used up.