@Eric Hrlbock Send info if you have a chance, I don’t mind driving - especially if I can get some info on trending properties downstate from us...

It might be worth testing a few until you find the one that best fits your style and business model.

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.

Good Morning @Michael Tempel I looked into CoStar, is this only for commercial style properties?  

Small towns can be lucrative depending on the unemployment level, population trends and safety.

Hello @Christine Vasquez,Many investors choose real estate markets based on gut feelings or popular trends. 

•Growing Appreciation Story – The city has been on a long-term revitalization trend, and we’ve seen steady price growth over the last decade.

They should be able to teach you about asset risk, neighborhood risk, lay out A, B, C and D class areas, have stats on delinquency trends, vacancy trends, and other variable cost projections. 

Things like neighborhood trends, tenant demand, and financing options will shape your strategy more than a basic 1% rule analysis.2.

What trends are you seeing in the area right now?