Hi, pre foreclosure in all of its permutations, before the bank sends Notice of Default (NOD) or efter which is state even county dependant but often starts a 4 week clock till the trustee auction are the 2nd most difficult deal scenario and IMHO only experienced investors should bother, the 1st most difficult deal scenario are bidding at the court house steps on lord only knows what is being auctioned off sometimes even 2nd mortgages, you need to do so much home work to attempt to reduce your risk at the court house steps...Pre foreclosure no one talks about these issues, always about the nice sounding stuff like "motivated seller" get a good deal etc etc both are usually not the case.- 95% of folks in pre or post NOD want to stay in their house, keep their house inspite of them 100% will loose the house at the auction. 

That sounds like massive renos (ie new floors, painting...).Yes as you acquire more properties, the chances of having multiple vacancies (no matter how leases are staggered) increases.

Very often they sound robotic and scripted and does not lead to hot leads or appointments. 

@Rafael Ro some great advice already here!

It sounds like this is a lot about getting the core services done right and following through on what's promised. 

Readers should seek professional advice.

Also thanks for the condescending advice.

Many investors share opportunities, tips, and advice in these groups, which could lead to mentorship connections.Shadowing tips.

Sounds like you are better off in a high yield savings account like @Dominic Mazzarella mentioned...Just out of curiosity, Nilusha, what Chicago neighborhood are your 2 flats in?

They preach relationship building with agents but not everyone has skills to do that. sounds like overpromise under deliver on the "Skill" side