Phoenix contains a rare combination of elements that have created an outstanding market for distressed property investments, including the following:Cost Savings: Distressed properties are sold below their market value and enable investors to take hold of properties at a trifle compared to traditionally listed properties.Strong Market Fundamentals: Being among the fastest-growing cities in the country, Phoenix ensures a high demand in housing and rentals, hence good potential for resale or income from rentals.Value Creation Opportunities: Most distressed properties need renovations; thus, such situations present opportunities for investors to increase equity by adding value.Population and Economic Growth: Phoenix remains among those cities in the country which are attracting more and more residents and business; therefore, this presents good, long-term appreciation possibilities of property appreciation and income creation.Challenges to ConsiderWhile the rewards can be great, distressed property investment is not without its challenges.

If your state is an expensive one it might be cost prohibitive to have an LLC for a small rental business.

I purchase the land from a local jeweler who I tracked down at his business and asked he was interested in selling.

Would your STR business even exist without Airbnb?  

Is the mid term rental business that you have a 'rental arbitrage' business?

Unfortunately most CPA's have not lived through more realistic income tax bracket environments such as the 50s 60’s 70s and 80s……so what I’m saying here is not something that most investors, business-owners, high net worth families, or REI investors are thinking about.

Personally I think Josh himself is innocent but the company definitely is involved in shady and deceptive business practices.

I'm sure there's other stuff you'll want to factor in - what businesses are moving to and from each areas. 

Maybe you are needing a new vehicle for your real estate business - they can help ensure this vehicle is on the list that qualifies.

The nice thing about the arbitrage business model, is the companies usually pay you a monthly rent, and then they handle all of the AirBNB stuff.