Doing some catharsis and looking for opinions

[Miguel Gomez]

Hi all. I was born in South America, in 2015 moved to South Florida with my wife and now we have 2 beautiful kids. I am going through those moments in life were you're not sure which direction to take.

I got my realtor license 3 years ago in order to learn and save money when selling the properties I was planning to flip. I knew nothing about wholesalers, off-market, etc. Well, actually nothing about real estate. Since that time, I always heard there are no good deals on the MLS so I moved towards finding deals in county foreclosures through auction. Since this was a risky way of getting deals I started looking for a "county auctions evaluator/advisor" and/or someone to help a newbie navigate the process of buying in court, fixing and selling. I had a hard time finding these people, but was able to speak with many of them who I felt were just trying to buy anything for you and collect their commission. Almost all charge you 5, 6 and even 10 (yes, 10) percent of the property's purchased price and a few charge you a flat rate. I decided to pull the trigger with two of them, fast forward got some good deals and some not so good. 7 in total completed with them. At the end, I decided to do it on my own with what I have learned, since I was tired of 1-searching for an ethical advisor and 2-paying 100% agreed commission on deals that did not have the outcome they planned.

Since 2019 I started doing my own research and due diligence before purchasing foreclosures in county auctions for flipping. I already finished and sold one ugly deal, one not good, a good one and hopefully a very good one is closing soon. I've had a ton of bad "contractors" and found a few good ones. I am actually handling another one where I was red flagged by the city and had to go through a licensed general contractor, permits, plans, etc. Again, lots and lots of learning. 

With all this learning I became better at analyzing properties being foreclosed. On the other hand, COVID-19 heavily reduced inventories. These 2 factors have made it more and more difficult to get a good deal to flip. I have been trying to explore the buy and hold/cashflow option, but I feel insecure and can't find something decent. I have been reading about BRRRR, but have zero experience. The more I read about RE strategies, the more overwhelmed I feel.

I am looking for orientation and someone who can help me continue my REI journey. I am ok with stepping aside as a realtor and paying someone for his/her knowledge.

PD: Sorry, my english is not the best.