One month vacancy can eat up all the cash flow.

I'd love to learn how to set up systems for AI follow up automation. 

A lot more comes down to price per square foot than people outside that area understand. 

This will typically be a DSCR loan up to 75% of the new value.

This way I'm aware of the end buyers buy box before I go locking up contracts with sellers.  

I have been investing in the Las Vegas market for a couple years.

Shoot me a message with your information, so I can give you a copy of the investment map of Memphis. 

I live in DFW now but grew up in Abilene and do a lot of business there. 

Personally, I would never live in PHX, but that is all personal biases (I prefer seasons and greenery), and clearly lots of people choose to live in PHX.At the end of the day, I would argue market selection almost only comes into play when you are talking assets that cater to institutional buyers that have to get investment committee sign off. 

Whichever comes first and makes sense, go with that.