A not so great neighborhood could still be attractive for a 3 unit multi to rent out, even if section 8!

What rental classes are attractive to you? 

Once I attract tenants what screening process should I put them through in or to find the best possible ones out there?

It requires little investment (you can spend a lot of time and/or money, or both in marketing) so it attracts people who may be less then honorable.I believe one of the most important things you can do (well, there's always learning, reading, listening, etc.) is to get active in your local real estate investors community. 

I'm a big advocate for MFR as the economies of scale tend to work more in your favor and the financing is much easier to attract.

Explore some rent increase options and evaluate if you can offer any additional attractive lease-renewal options. 

My idea was to make it a vanilla building, but update it and make it clean to attract tenant(s).

Lots of great points during that session but as Neal said, be honest and transparent and you'll have no problem attracting investors@Taylor L. great question and thank you for the accountability check.

Considering that you'll have no skin in the game, I think you'll need to offer pretty attractive terms.

I attract the longer-term guests through my listing in the MLS, which also appears on Zillow and results in direct calls from potential guests.There are other locations within Phoenix/Scottsdale that do well, but homes in 85250, 85251 and 85257 are worth a look because they are close to where the action is.Keep doing your research, checking availability calendars on Airbnb to see how booked Scottsdale properties are or aren’t and run your numbers until you find the right property.I started my first VRBO in 2005 when you could only lease for 30 days+, so I feel like no matter what the regulatory climate, there are opportunities in a destination where everyone wants to be.Best of luck,Melanie