Gael, before you become an amateur investor, do your homework. Being a landlord is hard work, and you may find it's not worth it.

Unless you can pay cash for the house, I would avoid leveraging to "invest" in a rental.

It IS a fantastic time to buy, because houses are on DEEP discount. But, do it with no more than 15 years on the mortgage at 1/4 of your take-home pay. Otherwise you'll find yourself sitting on a bubble of risk that may prove to be too big.

it is the best time ever to buy real estate to rent out the cash on cash returns are higher than they have been in phoenix for years you can pay cash for a 1600 sq ft house 55k and collect 10k a year in rents this is a 5.5 year payback on the investment. We have bought over 100 of these houses in the past two years at auctions and are collecting 87k a month in rents
website is Arizonahomerenters.com mostly west phoenix

Gael, if you are interested in purchasing homes in Phoenix as rental properties, I have a huge inventory of wholesale homes all over Arizona (mostly Maricopa County). You can check the inventory out at www.phoenixhomesfordirtcheap.com