Investors who are active in gathering data on local trends while working with knowledgeable agents are able to pick neighbourhoods poised for growth and also comprehend how to best mitigate their risks as they prepare to maximize their return.Myth 3: Distressed Properties Are in Bad LocationsAnother misconception is that distressed properties only exist in bad neighborhoods.

@Joseph Binkowski - this seems overly complicated and possibly breaking a law... maybe you need a lawyer to vet this.If I were that accredited investor, I wouldn't touch any of it.

If you are willing to live in urban areas you may want to talk to a local bank in your market and see if they have any incentives or grant loans for certain areas.  

There are many local real estate investor groups or associations.

Having local family gave me a built-in support system, market familiarity, and the confidence to manage a property from a distance if needed.

Also, take time to understand Arizona landlord-tenant laws to stay compliant and protect your investment.

However, especially if the investor is buying in an area they are not familiar with, they probably will not know the nuances of the local area. 

@Kwanza PriceReach out to local networking groups to find a investor focused CPA and attorney. 

Hi Jerrell,  The best option for trying to get a HELOC on a property would be to check with local credit unions. 

I'm attending local meetups too when my work schedule permits, but I want to do even more.