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.

My wife and I have never really followed the $$/sqft. approach because it's not as accurate.

Often, owners beat up PMCs for a low price, but fail to understand the PMC will often cut corners to make sure they are still profitable. 

2) How well do you understand the differences between Class A, B & C?

We understand that but frankly we are extremly reluctant to ablidge.

I'm a pretty handy guy but this would be outside of my realm, but my experience helps me understand how much this type of improvement should cost.Improvements: remodel kitchen and bathroom, paint interior, fix exterior scafolding.How should I go about finding a contractor?

I'm interested in understanding how the LP structure works for foreign investors.

Family committments can be pink (or whatever color), money making tasks (green), follow up for leads/lead generation (yellow).If it's on my calendar, it exists.

I don’t place all the blame on him, as I understand Massachusetts law is heavily tilted in favor of tenants.

Take care of your properties and follow up with issues.