Investing involves risk and may result in partial or total loss.

Since the property has vacancies, a buyer might discount for lease-up risk, so that’s something to factor in.I owned a multi-use property in IL that is definitely different than what you're looking at.

Chapter 13 is where debts are re-organized and paid back over time in monthly payments.If someone has filed either chapter 7 or chapter 13 previously, they are less risk than someone who has never filed.

If this is your first real estate purchase I would stay away from auctions, there's too much risk involved especially with where price points are in your market.

The key is ensuring any new debt enhances cash flow and aligns with your risk tolerance. 

It is to get you to reduce the amount of time you waste looking at deals and knowing what is good and what isn't good for a deal.You'll also need to know the area comps, are people putting in wood flooring or LVP etc.

Multifamily properties (2-4 units) can be a great way to build your portfolio while minimizing risk—especially with FHA or conventional low-down-payment options.Also, networking is huge.

I feel like that will happen at some point and don't love that risk. 

I own two properties there, but insurance costs have skyrocketed.Lately, securing home insurance has become increasingly challenging due to the high risk of hurricanes, flooding, and other factors.

and i know that that there’s risk involved, so ill always be prepared for things not going according to plan. and i think starting small and gaining knowledge and experience over time is key.