This way there's low risk in the beginning.

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.

That is a fairly low priority issue for the Detroit police. 

HELOCs let you access equity as needed, keeping costs low unless you use the funds.Key considerations: If you plan to scale quickly, the HELOC might provide the liquidity you need for faster moves.

You'll definitely get the long term appreciation in the San Diego market since our supply levels remain low which helps to insulate our market here, but it will be hard to cash flow on immediately unless you use one of the above strategies I mentioned. 

Why do you think the demand is low?

I have the ability to cover all the expenses if there is vacancy, which this property has low vacancy.

I have taken a Dave Ramsey approach to my personal finances so have a pretty low nut.

I don't think we go super low.

Real Estate Market Predictions for 2025Single-Family Homes: Prices will likely remain flat due to homeowners holding onto low-interest-rate loans, causing fewer properties to hit the market.