The foreclosure process is not cheap or fast.

One golden rule I follow,if it takes a long time to fix/replace when it breaks, don't buy a cheap one.Imagine, this thing breaks in the middle of your peak season and the people who can come out to rebuild are 2 weeks out....It takes at least a day or two to build something like this even if you are super skilled.

Expect to spend another ~$8K for that.If you are planning to close all-cash and bring enough cash with you for operating expenses and rehab, you are looking at a minimum capital raise of about $3M and that is for a cheap 32 unit.

I will go see samples but figured you folks could give a definitive thumbs down if this is just today's version of cheap linoleum.

Boots on the ground is hyperlocal, and what you're looking for is essentially cheap labor that can open a door when you need it.

I’m open to flipping, renting, or exploring other strategies.My mantra is to test new things “fast and cheap,” so I’ll probably begin investing locally in CT before considering otehr markets across the US. 

The heating system, while straightforward, wasn't cheap for my 3 unit and will have a longer payback period. 

Those properties are cheap for a reason. 

They are sure cheap to buy and build up.I thought of building a place out of a part of a 747.

If I pay it off, I could maximize cash flow earlier, reducing financial stress and allowing me to focus on other ventures or simply enjoy life more.On the other hand, I know some people advocate for keeping cheap debt and using the extra cash to invest elsewhere for potentially higher returns.Why I’m leaning toward paying it off:Security: No debt = peace of mind.Financial freedom earlier: A fully paid-off rental would give me a significant monthly cash flow?