It might be wise to start with a less risky property to gain experience before tackling a foreclosure.

If your conservative you can put the profits in a risk free T-Bill paying better than 5% with no phone calls to unclog a toilet.If you decide not to sell, then let's tackle your question about PM.  

Some of the finer points that I can see are $25,000 in down payment assistance for first-time homebuyers, 3 million new housing units within the next four years, tax credits for developers who build starter homes, investing $40 million in an innovation fund to tackle the housing crisis, and expanding a tax credit for housing developers who build affordable housing rental units.Forbes also says she wants Congress to crack down on "predatory investors" who buy up rental homes and collude with each other to raise rental prices.Just sharing this because there's obvious impacts on the housing market if this all takes effect.This is basically just a summary of the Forbes article, you can read it in full here: https://www.forbes.com/sites/alisondurkee/2024/08/16/kamala-... 

As a new real estate investor this is simply too large a project for me to try and tackle, but I know this forum is full of quality investors who care about their tenants and are always looking for a deal!

So thank you for mentioning it and sharing your thoughts.Strong property rights are indeed essential but they're wishful thinking if you can't have a profitable investment in the first place and I'm not sure how you could get any decent return by investing in El Salvador.I've heard great things about how the new president has tackled crime.

For the 10-year period spanning July 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.6% in that period.Recent data has given the Federal Reserve confidence that it has successfully tackled problematic inflation while avoiding a recession.

There could be a strategic way to tackle a couple of these options at the same time.

My parents are essentially giving me 3 homes to tackle myself.  

For me it's that I'd like to tackle the pre-foreclosure market, which I think is promising, but I lack the experience.You can educate yourself all you want but when it comes to actually putting money on the table I'd like to partner up and minimize risk with somebody who has done it before. 

I'm getting ready to tackle my very first BRRRR and I wanted to see if the community could share some common mistakes to avoid?