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.

I am currently in the process of identifying land for a purpose-built residential assisted living and memory care facility in Houston, TX.

I would be careful how you go about this one.

If you've never done rentals before, I'd be careful with how you start. 

I would recommend anyone lending in this environment to fix and flippers or any type of investment to be careful and get a personal guaranty and make sure person has a long track record.

I've seen plenty of high end places that still use metal frames, nobody cares/notices.

I'm in the beginning stages of purchasing a 2nd home in Costa Rica.

At this stage, I am interested in house hacking, short-term rentals, and residential assisted living (though I hope to continue to learn more about other opportunities as well).I appreciate this community and the opportunity to learn from others.

Let me preface my story with my definition of freedom: doing what you enjoy for a living with the people you care about.My name is Peter Neill.

I’d be careful with outbound AI cold calling due to regulations.