Risk/Reward. 

Owen,  Pursuing a career as a realtor can be incredibly rewarding, but it's not as simple as it may seem, especially in the early stages.

I love doing these types of deals—not only because most people avoid them, but also because it’s rewarding to help sellers in these situations.

Reward: Assess whether the uncertainty surrounding the current occupants, title clarity, and liens aligns with your risk tolerance.

As always, make sure to run the numbers carefully and factor in local property taxes and HOA fees, which can vary widely in North Texas.Delayed gratification is key in real estate investing, but with patience, the rewards can be life-changing.Best of luck with your search

Different people expect a different combination of risk/reward.  

If you're going to run a successful business renovating houses, ultimately you being proficient at/and or managing said proficiency in estimating will be a crucial part of your underwriting.Google "how to estimate house remodeling" your hard work will be rewarded.

If you use cash flow - it's more safe imo and debt leverage is risk but reward if you execute on a value add project.

I don’t know why anyone would take that risk for little reward.

Take your time, be wise, and time will reward you.