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.

I'm not sure I'd want to go past 10 STRs ever and I'm trying to decide if it's worth Co-Hosting or just save up for the next one.

Economic pressures forcing landlords to adjust rental prices to attract tenants.For renters, this means more flexibility and savings, especially in historically competitive areas.

I'm sure he could give you some pointers on setting up a business and creative ways to save money.

What are the pros and cons of each, and which offers the least restrictions, flexibility and cost savings for my intended purposes?

I wanted a house for myself to live in and I had been living with parents for two years to save money.

So ultimately this may require a discussion with counsel, and you may have to settle on splitting the cost.

We have been able to save up some money for our first turnkey multiple unit building.

Remember to save some money for capital repairs.

As far as whether to approach them with or without an agent - approaching them directly without an agent can save the seller probably 2.5-3% of fees, which give you some room to negotiate on the price, but you need to be confident that you are capable of evaluating the property value, estimating on the amount of work that is needed, knowing how to negotiate/ structure the deal, and navigating the closing process.