me the "local considerations"Sure, for one it's a great AirBnb market, another is that it's HOT down here (both temp and market), another is that there are reverse seasonal considerations (most of the year, including winter, 80 degrees is normal), another is that it's competitive to find good properties right now, another is that a lot properties are in HOA's and there are specific laws regarding them, another is that taxes are low and I do mean low, and Phoenix is very profitableAverage Turnkey Cash Flow Per Door In PhoenixMetro Area No Bank Financing Neededhttps://www.biggerpockets.com/forums/600/topics/584916-average-cash-flow-per-door-in-phoenix-metro-area

My biggest takeaway for new investors is to get very clear on the competition, potential new developments in the works, and the people who live within a 1, 3, and 5 mile radius of your potential site.  

AHS incentivizes contractors to do the minimum amount of work.This is the LA area, where contractor competition is fierce.

You may have good luck with a lender who is national and operates in all the states you want to invest in, but you are likely to find competitive terms from a local lender where the property is located as well.

I see more value in properties that are over four units, mostly because it is a different type of loan and therefore reduces some of the competition.

I’m ready to take on future competition, which I imagine more bigger players are starting to enter.

@Matthew BrzowskiLove to go where the competition isn’t.

My son goes there and bought a condo but found competition with the newer multi-family can be challenging but doable.

Contractor shall be acting solely for Client and not for Client’s insurer/adjuster.After I told the guy from the water damage company that my insurance denied, he kind of stopped replying to my text.I did find another company who can do the job for a fraction of the price.

That's a competitive market!