High construction costs and interest rates?  

We pretty much all use "the lesser of" Cost or ARV (As Reparied Value) as the value we use for lending.

Try TransUnion's or Zillow's service3) Figure out where you plan to advertise your rental rooms4) Research competition and "plagiarize" their ads5) Use that same research to set your rent

We need to know the details of what they were installing, the location, the cost of materials, etc.

How full is immediate competition?

Please include:When and how is rent to be paidWhen and how are utilities going to be paid (if any)When and how is the cleaning going to be (if shared or provided)What are the costs associated with damages / breaking stuff / calling a technicianWhat are the costs of breaking the lease, finding a replacement if you are doing short term leases on the roomsIf they lost their keys or check bounces what is the charge for it, how the cleaning of the common areas is going to work, and enforcing quiet hours.

Arizona has alot of competition as we also have few restrictions and good returns when you buy the right bedroom count / amenity property. 

The cost of the trip will save you a lot more than something your realtor or someone else missed.

I also think the election results will trigger a material change in the financial markets and influence borrowing costs.

Current rent is $2060 + $40 for dog.I assume I could depreciate the cost over 27.5 years.