MTR in Phoenix

[Khaled Seirafi]

Hi all. I'm looking to exchange a multi-use property I own in the Bay Area for a multifamily property in Phoenix (looking at 15-19 units). I would definitely start off renting most units as LTR and slowly renovate and furnish units to do MTR, having a mix of both. Do you think this would be feasible in Phoenix and if so, which areas? Any pointers or advice on doing it in the area? 

I would want to target corporate rentals, travelers, students. Traveling nurses would be nice, but not trying to rely on those. 

[Mason Weiss]

It can be feasible, you are probably going to have more of a 75/25 LTR split due to demand. You would need to be in a higher travelled area of the Phoenix valley (Tempe, Scottsdale, some parts of Phoenix). Shoot me a message if you want to chat more about it.