Affordability in Specific Areas: In comparison to other large cities, several neighbourhoods in Phoenix provide reasonably priced homes.

Ultimately, ensuring you have adequate insurance and an umbrella policy in place can provide added protection in the event of a lawsuit.

Be super careful if you aren’t able to make these mortgage payments out of pocket if no rent comes in or a large capex expense “suddenly” comes up. 

In any large metro area, there are usually thousands of realtors.

In most areas ADUs cannot be used for STR (less than 30 days).in general ADUs are one of the worse RE investments largely due to the cost of adding the ADU versus the value added by the ADU.  

Adding your first property to an existing LLC is simpler than forming a new LLC and transferring ownership later.

My area has a strong economy, high rental rates, and a very large military and civil service presence.

Also 4th quarter of last year Packwood and county officially did discuss potentially regulating STR's by either limiting numbers or adding a tax to cover increases in local services that are needed.

However, in a case like a first timer doing a large rehab out of state, that would get more scrutiny.We require 640 credit for base terms, although we will go to 600 credit with an upcharge on origination.Base origination is 2.99% on the first three deals, and after three completed deals in good standing, it goes to 1.99% in the Loyalty Program.

I know nothing about investing in buildings this large as the largest I own or have owned is a 2 unit duplex.