[quote=spdrun]Or buy something inland or in Phoenix for cash, keep it rented out, and use it to pay for your rent. Once it’s income-producing, you may be able to mortgage it to about 60% of value, pulling cash out.[/quote]I like this advice! And it doesn’t have to be out of state, a nearby condo might work too. And it could be either cash, or nearly that (say, 80% down). Just make sure you keep some cash on hand for unforeseen expenses.
