Cosmo - I personally don't know Phoenix well, but if I had to do this in another city I would look at income levels, crime levels, and population growth (if you can) by zip code and/or area within a DMA as a starting point.

@Enrique Toledo  If the seller is firm at 10% down, you can always get a personal loan for that 10%. 

I personally would fix the 3 windows and maybe consider cutting the rent a little more to gather more interest. 

So I wonder if I can sell my home in Idaho, purchase the new one under my personal name, then how many months or years must pass before I can setup an LLC as the owner of my primary residence, or if you think that will be a good idea? 

Honestly, I don't think you will be sacrificing a lot if you choose DSCR over conventional these days, and it will give you access to your capital/equity a lot faster.Happy to connect if it would be helpful.Good luck!

You will quickly find, as you generate local person-to-person relationships, how many opportunities open up! 

One thing to note when getting conventional mortgages and spouses.There is a 10 limit per person for conventional financing.You can either do 10 conventional in each person's name which would be 20 mortgages for 2 people or if you do the mortgages jointly, will only allow 10 in total.My thoughts are not to own joint assets until you are both married. 

Happy to connect and share ideas!

Always happy to connect and share insight! 

It separates your personal assets from your business, providing a safeguard if any legal issues arise related to tenants or the property.