Rents will likely start to increase again in 2025 is my thought, but you probably can't wait until then to buy as home prices will have moved up again.   

I’ve started off with buying equity in a new build that cash flows as a mid term rental.

Which county/areas/cities in/near phoenix should I buy an investment property in?

You could then use that money to go buy other properties. 

I agree that it would probably be the easiest to buy an existing duplex or house that has ability to be split or easily added onto.

(Please note that I get a significant MSRP discount on my S-W purchases) Emerald is great from a water-based standpoint, but is a lot more pricey and I have not been able to justify buying it for use in my properties outside of one 120 year old banister. 

hi, Buying my first 7-plex in FL (already have multiple duplex) and there is some space to add few pre-fabricated shed storage units. 

Buy rentals with 10% or better net caps.

Would you buy a home here for $800k for this strategy? 

I caught the Pace Morby bug and plan to actively pursue other options since the trad lenders underwriting is making it difficult to follow my strategy of buy and hold.