We also used this as a litmus test to see if we should convert any of our other rentals in STR's2020: I wrote a post similar to this at the end of 2019 to sort of journal my experience. 

@Michael Conklin Arizona had the 3rd fastest growing GDP in Q4 2019 according to Phoenix business journal behind Utah and Washington.www.bizjournals.com/phoenix/news/2020/04/07/arizonas-2019-gdp-growth-among-top-in-the-nation.amp.htmlI’d argue that the relative GDP trend of a singular city is much more important than the its GDP compared to other cities.

Is there a source like AZBigMedia or Phoenix Business Journal in your market that you use to gauge market movement?

I am definitely doing that, I will add my mistakes to my investment journal . 

Originally posted by @Jim Spatzenfeld:@James HamlingYeah, construction costs have gone through the roof.Republicans scared away cheap Mexican workers with their wall that Mexico paid for.Democrats added new building codes to make homes even more unaffordable, like here in CA all new homes must have Solar cells, and not just a couple, it must be enough to make the house net-zero (produce as much as the house uses), as well as many other new code to make sure only millionaires will be left to buy a new house here.Lumber more than doubled in the last two month. 7/16 OSB (plywood) was always $8-$10 per sheet, now its $27 at Home Depot. 

Maybe no going will be a step you take but assuming you can reach your end goal and do that is going to close to options that really might be necessary steps to get to you where you want to end up.If I were your age with the goal of being a real estate mogul with my experiences now I would do or consider the following:-Read a boat load of information out there- books on wealth, books on real estate, magazines and journal that real estate agents and buyers read.

:@Logan Reeve @Kyle JohnsonThere was an article in the Phoenix Business Journal this morning projecting 7% average appreciation in Phoenix for 2021.

I would like to do two at once.Also, David mentioned when we signed up for Pro we could request a free copy of the Intention Journal by Brandon Turner.

Think utility bills, cell phone bills, and the like.

Call them from a cell phone so you can take a picture showing the date/time/length of call.