The original plan was to live in one unit (as requird by the loan terms) for one year and rent out the other, then move & rent both units after the 1 year requirement (currently living with relatives).

There is street access because it's a corner lot.This would be my first new contstruction....my plan is to sell my current home (family issues, forced to sell) and move into one of the units as a primary residence for a year or 2 before leasing it.Question is - What is the order of operation to start the project...   

LMK if I assist in any other ways

I recommend spending a couple nights in the unit so you have the perspective of a guest to notice anything you are missing or need and develop a check list for your cleaners and/or property manager.Your agent should be advising you on all of this and more and have local contacts for you. 

I have one myself that I funded after selling my SF home and once I set up my policy, I took a low, simple interest (5.5% for me) loan that I then used to purchase a 4 unit MF; now I'm using it to fund the renovations.

Here in our market, we see the SECT 8 vouchers out pacing the number of available units which leads to shorter turn windows. 

 Hi Angie, the unit already has a property mgmt firm and I accounted that in the cash flow.

This is Starting strength Gym started by world renown coach Ripatoe....if its your thing...you will know it fast....Coach Ripatoe is like an old school football coach...but you will work with assistants...https://startingstrength.com/resources/forum/gyms-and-equipment/86905-phoenix-az-affiliate-gym.htmlhttps://www.youtube.com/watch?

I am specifically interested in SFR value add opportunities, as well as, 2-4 unit properties.

In terms of mitigating your risk - particularly if you buy a condo - consider a newer building, steel or masonry construction, a unit on Floor 3 or above where Flood insurance wouldn't be necessary, larger buildings where costs are spread amongst more owners, and buildings with a financially healthy HOA (track record of good management, reserves in the budget to cover large capital expenditures, etc).