Plus, it gives you more control over quality and timelines.

Buy quality, if that means every 2-4 years not annually so be it.

That could mean poor tenant quality, which could lead to them not paying or eviction.

I'd want proof that they were using insured, licensed installers and standard name-brand equipment.On a side note, I saw your post and immediately thought your name was Nathan Detroit:

20 to 25 year amortization is pretty standard for commercial loans, in my area at least.

Of course, many investors bend/break this rule, but that's another risk.2) If your bid wins the foreclosure auction, you then have to deal with getting rid of any occupants - who may steal/damage everything they can in retaliation:(3) You MUST have a great crew on the ground that can minimize surprises - not easy to do on your first deal.Regardless if you buy a foreclosure or other property, read our copy & paste advice below:-----------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Sponsor quality far surpasses the "deal", assuming a qualifying criteria for a "good sponsor" is that they don't buy crappy real estate deals to begin with.Having said that, if a great sponsor is offering a deal you don't like for some reason, don't invest in it--just wait for the next one. 

If you flip your flooring upgrades and appliances will probably need to be of higher quality vs a rental.

Augustine standard where most in fill lots are around 50' x 100' to 125', 200' deep dryland is a good lot.

Professional staging, virtual tours, and high-quality photos can help them envision how the space fits their lifestyle, whether it’s for entertaining, work, or family.To overcome the “biggest house in the neighborhood” concern, shift the focus to its uniqueness and lifestyle potential.