Find a brokerage that aligns with your thinking.

If you want to buy single family homes, and actively manage them then start looking into different regions with fundamentals that point to future growth (income growth, job growth, population growth etc).If you want to passively own them, then you should look into syndicators in regions and asset class that you think will perform well (southwest, southeast, midwest etc, and you can target multifamily, retail space, single family etc) and start finding operators that align.

This aligns with your idea of renting out the space for a couple of hours to artists, photographers and more.

Please let me know if you'd like contacts for a few title companies I trust.Make sure you do your due diligence on the local lending laws, Arizona is very friendly to business, but there is a licensing component needed.From Hard Money Home: "Lender Licensing RequirementsA Mortgage Broker License is required of any person who for compensation or gain, or in the expectation of compensation or gain, directly or indirectly negotiates, places, assists in placement, finds or offers to negotiate, place, assist in placement or find mortgage loans on Arizona property for others.

@Wendy Man it’s crazy to me that people depend on tenants to take care of one of the most expensive critical components of the house.

We are aligned 100%. 

You may be able to get away with 15% down on an investment SFR with conventional financing if you qualify and DTI is aligned. 

The communication from the GP is the only way you will know how your investment is performing so this is a critical component of the evaluation.When I started as an LP investor I did not have a strategy at all - I went to a conference and met syndicators and invested with them - I did no due diligence or evaluation.  

Step #2 – Find a Fitting Investment OpportunityOnce you’ve determined your investing goals, aim to find a deal in alignment with your goals.

By aligning yourself with those who share similar goals, you are off to a great start on your journey and I wish you the best.