Local market trends: Could you share any insights into current rental market conditions and future growth projections for these areas?

Based on how many people have moved here from other states (specifically California, Oregon, Washington, and then a few areas like NY/NJ) along with the amount of redevelopment projects and the chip factory that was put in - I think there will be further appreciation for the foreseeable future.Will Phoenix economy be depended on this chip factory?

But one of my clients has most of his portfolio out there.He buys cheap, renovates and rents out.

A good designer and architect are key for a successful project like this and keep in mind these aren't cheap.There's a lot more details to consider, feel free to DM me for more details.

Having the contractor relationship in place to move quickly and provide a high quality renovation at a reasonable price.

Yes, distributions have been below expectations and way below NOI projections. 

This will give you some info so they are not guessing on what will be needed (they probably already know rough numbers, but each project is different).

If your trying to redeploy your capital,  do you think that you can get more than 8.5% through other projects and could you do that more than once during that 4.5 years? 

I would say any rehab project would need to be fairly close to me.

What kind of ROI i should look at, considering project completion will be 3 years roughly?