Based on my research, the greater Phoenix area is not much better than Calif when it comes to the cap rate.I would like to stay within a 2 hour flight distance if I would ever need to make a visit to take care of business being that I still have a day job and time will be a limited resource.

Stay away from wet basements.

Generally, only the lower ranking folks stay near base due to prices.

Most flips don't stay on schedule because something was done before something else and the days start to add up back tracking or being stuck waiting for a contractor.Best of luck 

im unfamiliar with which neighborhoods are worth staying out of.

The one we took a chance on did not even stay a month.We have also found that applicants from outside the area often do not stay long. 

You will find the right people to learn from on bigger pockets, so just stay active.

@tim millazo It's great you mentioned that first point because I was thinking that staying in the house (6 unit 1 house) would take away a good chunk of what I could be making and you're reasoning is sound...thanks for mentioning that!

After receiving the notification of change in servicer, the borrower called with a desire to stay and reinstate.

I also like Jim Cramer's Stay Mad For Life and Get Rich Carefully.