From my perspective, I’d avoid betting solely on appreciation in a market that just hit record sales volume, average home price and median home price. 

The group meets once a month, but the facebook page is pretty active. 

Otherwise an agent is your best bet. 

You credit hiccups aren't as important as the performance of the building itself, but you can bet your behind that your debt service costs are going to triple. 2% is a sweetheart deal that you aren't going to find in the market right now. 

Scottsdale, Tempe and Central Phoenix are probably your best bets.

@Joe Lambert,If your net passive loss is too large for you right now, don't stop taking a depreciation deduciton, but instead,refuse to claim active participation in your rentals. 

This is why I am finally getting out of lurking mode and into active posting!   

Your best bet is figuring out which state produces the most out of state buyers for SU. 

At your income level, you should try to step away from more management intensive investing activities (SFRs, small MF) and look towards investing in syndications, partnerships and JVs.

There is an active thread about this going on here:  https://www.biggerpockets.com/forums/92/topics/392...I think many victims are joining together to get these rats.