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.

If interested, DM me and I can connect you to the organizers so that you are aware of future meetups.

Rental collection seems easy.

I have 8 single family rentals in 2 single member/pass through entity LLC's. 2 states.

They were similarly organized, but did not have kitchenettes (and I do not think all has sitting rooms).  

It's very easy to stay organized this way.

These documents include your operating agreement/ corporate bylaws, articles of organization, certificate of standing, and the EIN letter. 

It's also easier to handle dips in census similarly to dealing with rental vacancy if you have one rental property compared to a larger apartment building.My wife loves the operations but we have steadily been working her out of the day-to-day stuff. 

There are organizations that can provide the family with rental assistance; every municipality has one - and the assistance covers utilities as well. 

I have Section 8 rentals in my portfolio but I do recommend connecting with a property manager who specializes in Section 8 rentals - they'll know all the specific requirements, inspections, and paperwork needed.