We have invested in these type of deals in Milwaukee and there are pros and cons to this asset class.All the best man!

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.

(And for other brothers who might need it as well, just dm me.)Best of luck, bro!

Prices have increased (higher terms/rates) as the fed rate has gone up so you have seen people who could get 8 or 9% now in double digits.

Quote from @Tanner King: Where are the best places or best ways to collect data on specific markets?

I wish you the best of luck but your idea if scaling is severely flawed. 

STR markets are tough and change fast, best of luck!

You’ve received some great responses full of valuable information, but I believe you may be missing the BEST market.  

Best of luck!  

Best of luck!