It costs the same amount to replace a roof or furnace whether the house is worth $300k or $30k (assuming a similar size).

Here are a few to watch out for:Property Condition: Most distressed properties need extensive repairs or renovations, which add to your initial investment.Competitive Market: With Phoenix's popularity among investors, competition for the best deals can be intense.Complex Deals: Foreclosures, auctions, or short sales are much more complicated compared to regular real estate transactions and usually require specialized knowledge.Tips to Successfully Navigate the MarketDo Your Research: Understand the local market conditions, including neighborhood trends, property values, and potential rental income.Build a Strong Network: Work with professionals who specialize in distressed properties-such as brokers, contractors, and legal experts-to make the best decisions.Assess Costs Carefully: Factor in the cost of repairs, holding costs, and any potential financing issues when evaluating a property’s profitability.Be Patient: Finding the right distressed property takes time.

I am just curious if you are utilizing cost segregation strategies for your investments? 

Attorney’s Fees; Collection Related Costs; Jury Waiver.

The CF is only playing catchup to the cost to you of the property. 

You will also need about 6 months of reserves deposited in a traditional financial institution rather than a crypto account.The next step is to find the target property and calculate the acquisition costs and costs of construction along with the after-repair value. 

Also you should inquire with insurance agents about the cost to insure.

Trying to get a # from him about estimated remaining cost but got nothing.   

Some even offer preferred interest rates as low as 5.75% at no cost to you. 

I hear what you’re saying… The repair cost on such small base is what sounds a bit scary.