CCREIA just changed their meeting location to the  UNCW Center for Innovation & Entrepreneurship 803 College Rd.

My next goal is to implement the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method, specifically in Birmingham, AL, and focus on Section 8 properties.With relatively good rehabs, I’m not looking to be a "slumlord"—I want to provide quality housing for tenants while also ensuring my investment is successful.I’ve heard mixed reviews about Section 8 tenants, but I’m eager to learn more.

There was quite a bit of unused land and the zoning gave me some flexibility if I wanted to expand various aspects of the property.Also the self storage units were all below market rent and the seller was willing to finance at a decent rate with a 5 year balloon.

That's pretty low for a 3-BR - I'm seeing the FMR for a 3BR in that zip code is $1,850.But at $1,300 for rent, you'll probably find HMLs that may lend you around $120k if you have a good credit score in my opinion, which means you'll need $45k + closing costs.

The outcome was a beautifully furnished home in a prime location with a low mortgage that generates consistent cash flow.

Quote from @Collin Hays: Yeah, the old Lorrie Morgan song.Several years ago, we had a party renting a very large cabin that wanted to cancel 5 days prior to arrival and get a refund. 

Stay disciplined and avoid rushing into deals without thorough due diligence.Resources for InvestorsIf you’re new to investing in distressed properties or looking to expand your portfolio, consider leveraging resources like:Local Realtors: Realtors specializing in distressed properties can assist in locating off-market deals and navigating complex transactions.Community Forums: Attend a local investor meetup or join online forums for the Phoenix market.Educational Tools: Search out webinars, workshops, or courses on investing in distressed properties.Final ThoughtsThe distressed property market in Phoenix is creating some excellent potential for the right investors willing to go the extra mile necessary to take on strategic risks associated with this category of real estate.

My biggest question is this: do you think I should continue to rent for now and prioritize tackling loans?

I have a 3BR, 2BA, 1380 sq. ft. home in the Villas neighborhood of Ft Myers that I plan on short term renting via AirBnB. 

Offering a rent-free period helps the seller stabilize, but what happens if they still can't afford rent when the time comes?