Phoenix contains a rare combination of elements that have created an outstanding market for distressed property investments, including the following:Cost Savings: Distressed properties are sold below their market value and enable investors to take hold of properties at a trifle compared to traditionally listed properties.Strong Market Fundamentals: Being among the fastest-growing cities in the country, Phoenix ensures a high demand in housing and rentals, hence good potential for resale or income from rentals.Value Creation Opportunities: Most distressed properties need renovations; thus, such situations present opportunities for investors to increase equity by adding value.Population and Economic Growth: Phoenix remains among those cities in the country which are attracting more and more residents and business; therefore, this presents good, long-term appreciation possibilities of property appreciation and income creation.Challenges to ConsiderWhile the rewards can be great, distressed property investment is not without its challenges.

It can be time-consuming and challenging if you try to do everything on your own, so partnering with a trusted team can make all the difference.

With inflation driving up day-to-day expenses, saving enough to buy your first home is more of a challenge.

BP has no reason to improve the search feature, which they could fix in a heartbeat.

•What challenges have you faced with existing platforms?

BTW, I am not disputing you, just playing devil's advocate and wanting someone to challenge my thinking. 

Instead, ask your accountant to write a letter of explanation for your finances that adds back depreciation and capital improvements rather than expenses.

From a tax perspective, you'll want to take what you paid for the property plus calculate the improvements you made to the property during your time of ownership.

As a property management company in Washington, we help owners navigate these challenges and optimize profitability if they want assistance analyzing their property or planning future strategies.

Being a broker in Western Washington and an investor in Tacoma, I completely understand the challenge of getting started in this market.