And even if I do not get into the renting business I can make some profit if I decide to sell the property at some point.

But here's the thing: communication within the GP team can make or break a deal.When information doesn’t flow smoothly between team members, it can lead to confusion—and even worse, miscommunication with external parties.

It’s also worth connecting with a property manager and contractor early, even if you don’t need them right away.

Evicting them, even after purchase, could be a lengthy and costly legal process.

Hi, pre foreclosure in all of its permutations, before the bank sends Notice of Default (NOD) or efter which is state even county dependant but often starts a 4 week clock till the trustee auction are the 2nd most difficult deal scenario and IMHO only experienced investors should bother, the 1st most difficult deal scenario are bidding at the court house steps on lord only knows what is being auctioned off sometimes even 2nd mortgages, you need to do so much home work to attempt to reduce your risk at the court house steps...Pre foreclosure no one talks about these issues, always about the nice sounding stuff like "motivated seller" get a good deal etc etc both are usually not the case.- 95% of folks in pre or post NOD want to stay in their house, keep their house inspite of them 100% will loose the house at the auction. 

Quote from @Shaun Ortiz: Hi Jason,Thanks for sharing your journey—it sounds like you’ve gained some invaluable insights from your experiences, even with the squirrel tenants (that’s definitely a story!).

Each deal comes with a different set of surprises even for the most experienced operators.Take your time and don't rush it. 

This year will likely be even worse.  

If anything they are even more reliable.

very high risk even I only do them with very specific investors in mind and a plan. we dont flip land we develop every one.