I am a full time Arizona resident and received a ID K-1. Do i need to file an Idaho state return and an Arizona state return?

Whether or not you need to file and ID tax return depends on how much Idaho income was reported on the K-1.

From the ID DOR website:

Nonresidents must file an Idaho income tax return if their gross income from Idaho sources is more than $2,500. This includes special-case Idaho residents, who are domiciled in Idaho but are considered nonresidents for income tax purposes. Special-case Idaho residents don't have to file an Idaho income tax return if they're absent from the state for at least 445 days in a 15-month period. However, they must meet certain qualifications, which are listed on page 2 of our publication, Residency Status and Idaho Source Income.

Gross Income means all income from all sources before applying expenses or deductions. This includes compensation for services, gross income of a business, interest, rents, dividends, and gains from the sale of property. It also includes a partner's or shareholder's share of the gross income of a partnership or S corporation, which is different than the net amount reported on the federal Schedule K-1.