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.

Surround yourself with knowledgeable professionals who can support your real estate endeavors.

I think Landlords are better off using strong policies, knowing the law, acting quickly and professionally.

Looking to connect with an experienced tax professional regarding filings for my 2 STR properties (Gatlinburg & Hollywood FL) which were both recently cost segregated.

Readers should seek professional advice.

I bought 10 crack shacks out of state in the last year in Nowhere, Arkansas.

Now, the house that is about to refinance, I am thinking of turning into a MTR for traveling nurses, or other professionals as such.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I have no investment experience, only stock market and IRA’s, but I hope to learn a lot from professionals on this forum.

Matt Scott, Incite Venture Capital and his team can be summarized as follows: over priced, non responsive, non professional agreement breaking, chip on their shoulder and otherwise a bad investment.