Also note that you are taxed on your net income, and not cash flow.

Side note- you could have a killer satantic ritual themed airbnb.

We are ok with making calculated risks with our money, but when you introduce other peoples' money to the equation as a variable it can get sticky.

There are at least three Detroiters on this thread that have urged caution or noted this is not a great place for STR. 

Secondly, the appraisal often notes functional obsolescence because of this and a lack of a common area.

As others have noted the number of MF properties in the greater Phx area is low compared to many markets and the number for sale is even lower.

On another note why are all the comments on post out of order and how do it fix it?

Maybe in a year you could sell the note.

on that note I am looking to get my first ever property around July.

then manage them remotely.you also noted you want an STR, which is going to shrink the inventory that is viable for you and also increase the amount of competition you have.you may want to read these threads:https://www.biggerpockets.com/forums/12/topics/1215726-break...https://www.biggerpockets.com/forums/48/topics/1159104-overl...https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...https://www.biggerpockets.com/forums/48/topics/1137397-balti...i invest in Pittsburgh, and I would tell you: DON'T invest in Pittsburgh unless you're willing to come here in person and build your network.