I can see the misunderstanding here, but I still don't think the strategy will bear fruit over time.

They've recently introduced a program called "pre REO" which gives them a strategy to help pull investment capital from these assets which are waiting for foreclosure and exit so that they can recover some of the investment capital from the assets to meet redemption and capitalization requirements for the fund.

Look into the BRRRR (Buy Rehab Rent Refinance Repeat) strategy.

I always enjoy learning about other markets, and this post gives a fantastic blend of data and local insights that really paint a full picture.The real estate stats are particularly interesting.

I have changed my rental strategy to short-term rentals and co-living (rent by room) to allow for more cash flow. 

Property was sitting on market and needed light updates (roof, flooring, paint) but was in a great area that allows STRs giving me multiple options when deciding on rental strategy How did you find this deal and how did you negotiate it?

That is the best case scenario, of course sometimes you get lied to and stalled, that's why it is important to always emply a double strategy and stay a step ahead.

It’s a mix of strategy, management, and a little bit of chaos, especially when dealing with unruly tenants or trying to balance your budget while upgrading properties.

@Jeff Hines North Carolina is a fantastic market.

It’s not about chaining yourself to a rigid model; it’s about giving yourself a reliable starting point, so when the next tempting deal in Phoenix’s midtown corridor pops up, you know it fits into your broader strategy rather than just hoping it’ll magically work out.At the end of the day, nobody’s going to knock on your door and hand you a neatly packaged portfolio.