I'm going to see the properties this weekend.I also have a lender that says they will do 100% financing if I have the financial sheets, leases proving the current performing income. 

There are a lot of scary similarities in the market right now as in 05, 06, but agree that the shortage of affordable housing (builders are just now starting to build them, way after the fact) and labor shortage (kids uninterested in the trades) will delay the arrival of a correction (agree it will come eventually).Plus the employment base in Phoenix is much more diverse now than 10-15 years ago (construction & financial) to a lot of technology and corporate support services recently added. 

Not frequently enough to influence their choice in real estate or AirBnBs.Secondly, and this goes back to my first paragraph... anybody willing to make a 2-minute hop in an air taxi is easily going to be willing to make a 3- or 4- minute hop in one, because the difference in those two prices will be nominal. 

My fiancé and I are not marrying now because he has good income and I will not get any college financial aid if I marry him.

I am wondering if anyone has ever used First Monument Funding Financial before? 

I have developed some sceptisism towards "home run play" type of investments - buying farm land cheap in the path of development and the scoring big is financially appealing, but the idea  also strokes the ego; every investor loves a good turn arround story!

So I've built a financial model that I help investors like yourself analyze anything from the smaller SFR to multi million dollar apartment complexes.

@Paul Boyett, in my opinion, it depends on your financial situation and risk tolerance. 

I'm a fellow San Diego resident who is also interested in multi-units OOS.In response to your question, from the research I've been doing (and outside of the residential vs commercial aspect that @Sherwin Gonzales brought up), a big part will be your comfort level and financial goals. 

First of all, is there a more financially smart location to buy a condo?