However, on the assessor's website, after the date of the foreclosure, all "improvements" (meaning creation of a building etc.) went to a zero value and the lot alone is all that is remaining at a value of 10,800 dollars, which is the typical vacant lot value in that area.

This is also a good time to work on things like your social media presence (engagement + content creation), educate yourself on the market, attend trainings, go to networking events, Read, etc.6-8pm dinner and family time8-10pm Wind down time, evening journaling, prep for the next day10pm ZzzI hope this helps and wish you all the best on your journey!

Facebook is a lot of people's daily source of "news" (for better or for worse), so I tend to use it to keep people up to date on listings, post day to day stuff, interesting articles and content creation.

Value appreciation, rent appreciation, and principal paydown are still the MAIN drivers to wealth creation in real estate. 

The short answer: strong cash flow and immediate equity creation! 

You might as well ask about creationism vs evolution... hahaha!

My long-term goal is to build a portfolio of multifamily properties that provide both passive income and wealth creation potential.As a newcomer to the real estate investing arena, I understand the importance of learning from experienced professionals who have already navigated the challenges and achieved success.

Just my own creation, adapted after looking at several in the Fileplace folders years ago and updated when needed, like adding in the Tenant Screening Service part several years ago.  

The COPY-PASTE functions of user interfaces make spreadsheet creation straight forward.

There are a lot of great options out there; aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), some services also offer your tenants additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time).