PHX overall is still developing from a MFH standpoint (outside of large apartment complexes), as apartment or SFH rent living is the default way to go out here. 

I think the biggest challenge with STRs is the initial setup and development of systems. 10-15 hours a week is more than enough time to manage your STR once you have all your systems in place (think cleaners, guest messages, house turnover, pricing management, etc).

I'm an agent and investor/developer in Los Angeles so I really understand this pretty well!

I just posted a link to a new development project in one of these good markets in the Classified forum. 

However what was most unusual about Bokuden was that later in life he developed the philosophy that there was more merit in avoiding conflict than there was in being victorious in a fight.

I've grouped mine into a holding company and an LLC for each parcel that I am developing (currently 4).

In practice, a manager can handle day-to-day execution (guest messaging, cleaners, routine issues), but the owner needs to perform and document meaningful owner-level work—pricing and policy decisions, vendor selection/oversight, approving repairs and invoices, listing strategy, bookkeeping/financial reviews, and compliance tasks—because if the manager logs more hours than you, the “100+ hours and more than anyone else” test becomes difficult.

He did no development.  

I’ve spent the last few months looking at the technical side of real estate lead generation, specifically from a developer's perspective.In 2026, it feels like the 'Subscription Trap' is tighter than ever.

Think of it as a stepping stone in a longer-term wealth-building journey, not the final destination.One big thing that makes Miami extra tough: developers scoop up a lot of deals off-market before individuals ever see them.