Maybe you feel prepared and ready to go.

Be prepared to spend some money though.

Any other investor has experience this before and what are the course of actions I can take to have my deposit back? 

Before i dive straight in, i am planning to do a trip to the US to feel out some of the cities and hopefully meet with some property managers to get their advice on areas.As i said above, i am very new but have been trying to soak up as much information daily as i can manage, and from what i have learnt, my plan would not be all that dissimilar to investing out of state.I was wondering if anyone has done something similar, and if so would be able to share any major unforseen hurdles that they weren't prepared for?

Successful flippers are:- Building relationships with reliable contractors- Ordering materials well in advance- Being strategic about which renovations will truly deliver ROI Regulatory EnvironmentRecent changes to Phoenix building codes have emphasized:- Stricter energy efficiency requirements- More rigorous inspection processes- Additional permits for certain types of renovationsBe prepared for longer permitting timelines than in years past.Financial ConsiderationsThe financing landscape has evolved significantly:- Hard money lenders are offering more competitive rates (7-9%) than the 12-14% seen in 2022- Several Phoenix-specific investment groups have emerged that pool resources for flips- Traditional lenders now offer more renovation loan products tailored specifically to the Arizona marketThe Bottom LineThe Phoenix market in 2025 offers solid opportunity for house flippers who approach projects strategically.

What is the best course of action for a first time home buyer …it is harder to get a loan for foreclosures right ?

I just want to post this to ENCOURAGE those that are excited to get into real estate, invest in real estate, and take action in real estate in any way.

If you’re prepared for the small upfront cost of getting the attic up to snuff (and assuming the house has been stable with tenants), the reward could outweigh the risk—especially at a price based on a 2-bedroom valuation.

Additionally, I’d like to understand the biggest challenges new MLOs face when transitioning into the industry so I can better prepare myself.If you know of any mortgage brokerages or lenders that are looking for new MLOs and willing to provide training and sponsorship, I would love to connect and explore potential opportunities.

If your LLC is not registered in the state where the property is held, it may lose the ability to bring an action, such as a lawsuit.