(Images shown are of completed homes in the same subdivision and represent finishings, style, and floor plan) What made you interested in investing in this type of deal?

For example, if a lot of people are buying $150K homes that are ranch style, brick construction with a basement, then focus on areas that have those houses with great school districts.Also, focus on areas that have low DOM (days on the market) as that indicates a hot area.If you want to be more sophisticated about it, you have to also watch the new foreclosure filings - as that is a leading indicator whether the area will have a potential to go down in price over the next 6-18 months.Lastly, stay away from areas with predominantly new construction or houses that are very new (less than 3 years old).

https://insiderlouisville.com/economy/louisville-based-skuvault-just-landed-a-big-partner-alibaba-com/Finally getting some major bumps in the tech sector here, hope this keeps trending! 

Then I would start by looking at the macro market's fundamentals, that is the population, job and income growth over time.After that, I would look to see what the rents and home prices are and how those are trending as well.I would do a similar analysis, but at the sub-market level for the metro area you are considering investing in.

I found a nice 4 bed 2 bath but I think I might need to do a bit more convincing for the house hacking life style.

Its my understanding that building a detached structure is ballpark $80-200 per sqft but thats not factoring plumbing, etc.I recommend watching this webcast (see below) if you are looking to learn about general trends in the PHX market this year although I will add the caveat that this is Multi-Family focused content:https://www.realpage.com/webcasts/close-local-phoenix-market-update/ 

You will work for a lot of different supervisors with different styles.

@Tim Johnson, does your cost breakdown specify details like paint product, alignment of bath mirrors/lights/faucets, and style of baseboard corners? 

Picking stuff that's way out of the norm of what is in style right now.

I'm not going to try to convince you otherwise, but I will point out that when the market trends down, there are risks:-  Rents can drop-  Vacancies can increase-  Banks can call loans due-  It can be difficult to refinanceSo, make sure you have reserves to cover a short-fall and ensure that your loans are long-enough term that you won't have to refi short-term.