I am planning on doing a flip or a build in Phoenix in the next one to two years.

Demoed the house, will be building a new house on site.

Despite the guru fed “misinformation” about all these under market price deals, they are actually very rare and require (1) the investor recognizing value that the seller and the rest of the market misses or (2) a seller with a need for an immediate sale and a buyer with the CASH immediately available to conclude a very quick closing usually forgoing inspections, financing, and other contingencies. 

Building on existing land helps eliminate the issue of land scarcity, which is a significant challenge due to California’s high real estate prices.

Build your database and clients.

I'd start shopping around for terms and building relationships sooner than later. 

For path #2, you mean purchase & renovate a 3-5 unit building right?

@Anne MusaIt's great that you're looking into small multifamily and STR/MTR investments to build wealth and secure your family’s future!

I'm an investor in the Austin, TX area and I'm here to build relationships and work on deals.

Usually when I close on a house, the insurance company sends out somebody to do a visual inspection.