I'm not looking to do anything with it, other than expand in this area.My question is, what do I do with the Phoenix home?

My thoughts were I would have direct access to the mls so that would give me a leg up.

No entry basement conversion complaint .CN196029Post name, address, and telephone of owner, owner's agent for managing, controlling or collecting rents, and any other person managing or controlling building conspicuously where accessible or visible to public way. (13-12-030)Building - No owner's I.D. sign posted .

I have access to more capital, and I want to get away from my software sales career,  I'm passionate about my own business and I'm demotivated with the pressure of what I'm doing 7-5 (this is conservative, there are 65+ hour weeks that I'm being paid OT time on....)In a nutshell, I'm making more money in my 9+years of software sales. 

Open a HELOC to access remaining equity (80% LTV), and re-invest on other assets (out of state properties, private lending, etc)In the end, you have an asset like other people mentioned above, that will continue to appreciate in the long run, and you have access to the equity to reinvest and make more profit. 

. , once we arrive in the USA ( will be living in Charlotte NC initially) , we will have NO ACCESS TO CREDIT for at least two years until we build up our credit history  in the US ( credit histories don't transfer abroad).

They also use my brokers' license allowing us access to the MLS for retail selling of property and comparable information.

@Quandra Adams to expand on @Michael Plaks comments above: correct insurance policy for rental property ("landlord's policy") will give you coverage that protects the property from fire, etc. as well as it will come with the liability coverage (you should get at least $300K of liability coverage for a rental).

You need (1) access to equity capital (do not rely on being able to get debt... lenders will hate real estate again) and (2) the intestinal fortitude to pull the trigger when it seems like things could keep going down and (3) more cash than you think to hold hold hold....     

I have a prospective tenant that is a little older that does not have email/internet access and I would need to enter their info and run it myself.