I personally would rather a few properties make up a sizable chunk of my net worth vs. 100 doors that appreciate a thousand a year.

Have you checked VRBO and AirBNB?

Leaving out auction and foreclosure costs for a second, when you write that check for $220k the trustee is going to pay BigBadBank the $175k they are owed first, then he's going to pay LittleBadBank the remaining $45k, and you will get a clean title as the process is going to wipe the slate clean.

.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?

In that time if you are netting $1,500/month - that is $54,000 worth of rental income you would make over the next 3 years.  

NOI: $49,536CoC ROI: 16.57% / CashFlow: $1488/moPro forma cap: 8.26%Purchase cap: 11.79%Check out breakdown below 👇🏾 https://www.biggerpockets.com/analysis/rentals/6c76954e-deb6... 

Hey everyone, for my first flip, is a fire damaged house worth it (purchase price 40k-50k 3br).

But don't let them know it.It amazes me how many of our members at MassRealEstate dot net have an Asset worth $300-500k Rent it for .5-1% of value and hardly pay attention to it, yet chase a tenth of a percent in CD rates;-)

I find that most of the time, paying points up front isn't worth it in the end.

There were newly listed properties that were worth looking at and most often properties that had been listed for awhile.