However I've been seeing a trend in my rural area of people purchasing very large sheds (like 12'x40') and finishing them out as 1 bed 1 bath homes.

Phoenix is probably the hottest spot in the nation for appreciation on any Real Estate.A four plex here goes up 25-40 % a year in appreciation.Just over 18 % in our full state for appreciation in 2020 ( number 1).

As they begin to trend downwards, rates historically will rise. 

The city currently has extremely high rental demand, huge continued appreciation potential (outside of the current market trends), and still has plenty to offer in terms of expansion and future growth.

The city currently has extremely high rental demand, huge continued appreciation potential (outside of the current market trends), and still has plenty to offer in terms of expansion and future growth.

They're out of touch with the latest market trends.

It borders some of the hottest cities in Oakland County, Michigan’s richest.

@George LeemanIt’s becoming a trend where investors are wanting to pay subpar prices and expect above average service.

Look at local listings for sale/rent as well to see what the local trends are. 

Having a real estate agent that has a firm grasp of the local market, can source deals, understands the trends goes a long way.