Here are a few to watch out for:Property Condition: Most distressed properties need extensive repairs or renovations, which add to your initial investment.Competitive Market: With Phoenix's popularity among investors, competition for the best deals can be intense.Complex Deals: Foreclosures, auctions, or short sales are much more complicated compared to regular real estate transactions and usually require specialized knowledge.Tips to Successfully Navigate the MarketDo Your Research: Understand the local market conditions, including neighborhood trends, property values, and potential rental income.Build a Strong Network: Work with professionals who specialize in distressed properties-such as brokers, contractors, and legal experts-to make the best decisions.Assess Costs Carefully: Factor in the cost of repairs, holding costs, and any potential financing issues when evaluating a property’s profitability.Be Patient: Finding the right distressed property takes time.

The picture they have on Zillow vs one of the several I have with the same view:I don't know who your current PMC is, but I had to switch from my initial one in Warren, MI as it was taking too long to get a renter placed. 

Hello Guys,As someone who’s built sales funnels for marketing agencies, I’ve been diving into strategies that could work specifically for wholesalers—and I wanted to share a few ideas that might help you streamline your lead generation and close more deals.3 Proven Funnel Strategies for Wholesalers:* Capture Leads with a Targeted Landing PageSkip the generic “Contact Us” pages!

My main goals with these initial projects are:1.Gaining valuable insights into the local market.2.Getting hands-on experience with out-of-state investing, particularly when it comes to remodels and managing from afar.3.Testing the entire BRRRR process to see if it’s the right strategy for me long-term.If all goes well, I’d love to scale up and explore multi-family projects.

It seems that this risks the posts getting more attention than if they posted a simple, professional, response.2) We are in no position to verify the truth or falsity of the posts on this thread, and are not responsible for user-generated content.

Potential plaintiffs have an initial meeting with attorney.  

It gives you access to funds at a relatively low interest rate, and you can repay it as the rental generates income.

I am only doing turnkey properties so there won’t be much equity other than initial downpayment.  

One thing to be aware of is the FHA multifamily self-sufficiency calculation which determines if a property can generate enough rental income to cover its mortgage payments.

If you need $5,000/Mo to replace your income and each rental property generates $300/Mo cash flow, you will need to acquire 17 properties ($5,000/$300).