What right is varies tremendously for each of us.

You best consult an Attorney in your state as state laws vary.  

This can kill your cashflow quickly and with condos and they usually have a slower degree of appreciation than SFHs.

Prices vary all the way down to each subdivision.

I realize that neighborhoods can vary block to block and was wondering if any locals have any insight and/or advice on that area. 

But here's the problem; there's always a significant degree of separation between you as a foreigner and the law you'd expect to protect you on a level of US law in the event there's a problem. 

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

It was well over 100 degrees, it took 3 days to get an appointment. 

Long story short, the heat went out on the first floor last night (was about 12-15 degrees).

Anecdotal (and CoStar, to some degree) data indicates downtown - and East Village in particular - is overbuilt on the Class A high end for rental product.