In the Bigger Pockets free book, "Real Estate Rewind", as one of the 11 co-authors I wrote about one such Tax Sale purchase and made money but not enough money to warrant the risk involved.

That's when it clicked for me - that cap rates are more just a measure of risk.

However, I don't find the long vacancy particularly enjoyable, and I'm hoping to gain some insight and grow from the experience.Has anyone else experienced this, and what did you do to avoid it?

I am slowly going crazy with how expensive Massachusetts is and I am leaning towards looking at cheaper foreclosure properties.I understand there is some risk to this but I am beginning to think this is the only option I will have because of how fast the market is growing.Thank you for any insight you may have!

What makes a property manager actually worth it— having more freedom, peace of mind, saving money, reducing risks, or something else entirely?  

As far as title is concerned, our clients are free to choose any title company that they would like.

Realtor; "Picture yourself kicking up your feet & enjoying some me time"Me; Its a freaking hoarder house that I'm gonna flip!

Prove your work ethic, and opportunities will come.6.Enjoy the process.

I had a few questions and would appreciate any advice in general.Strategy / Goal: BRRRR but no major rehab at first to lower the risk.

This establishes the legitimacy of the arrangement and protects against audit risks.