As I have indicated multiple times, pre q2 2022 you could obtain modest cash flow on the cheap Midwest properties.  

The only thing they have is a list of current properties which are on the upset bid period, and then just a billboard of documents scattered around showing properties which are in pre-foreclosures.

It's a lot more comfortable being an investor that incorporates all aspects of investing in real estate, in the context of “time”, but I guess that is what makes the top 1%.

@Roy - talk to tax advisor about incorporating.

It amazes me nowadays how people will throw money into a market and not spend any time in it(pre purchase) then wonder why it didn't work out.we literally purchased our second stilt house by walking up our stairway and the owner (of our now second str there) was walking up there stairs and we struck up a conversation and purchased it off market.My advice, allocate some of your investment funds to knock on doors and hang in the area you buying- its priceless.

There’s nothing worse than a lender that over promises and then can’t deliver (sometimes they don’t even review your file before giving you the pre-approval letter and assuring you that all is well, charge you for the appraisal and let you go through inspection and pay for that out of pocket too, then their underwriters get involved and discover some reason they can’t process the loan leaving you high and dry).

We already own and operate a wedding venue and 5 STR doors. 

It seems like it doesn't matter too much whether or not we're married, but we'd like to put our money toward investing verses a big wedding I think anyway.

Incorporating it into the price poses other challenges regarding appraisal...

At that point, most of your pre-rent expenses will become slowly deductible via depreciation.