You know what is crazy? A concept called Building to Rent. You go to a home builder, order and build a new home and then rent it out vs. moving. Crazy right? The answer is well maybe not. Here is Phoenix, in the right areas it might actually pay dividends in terms of capital appreciation and of course income from rent.
Not all parts of Phoenix are equal, so some strategy is needed to identify the right areas. Read more here in an article by CNBC.