Thanks for this suggestion, Jeff.

As I studied earlier, the first thing you should do is marketing, then get a call and do a property analysis to understand if it's profitable for you, then meet with the seller and sign all the necessary papers, then if there is a debt in the bank we do a reinstatement quote, then do a title search to check if there are any hidden debts, if everything is fine we look for an investor or flipper and sign an assignment of contract with him and wait for closing to get our money.

Craig- you've received good suggestions here, imo.

Looking into the taxes is a great suggestion.

However, inventory levels have decreased, with 1,191 homes for sale in December 2024, a 4.3% decline from the previous month, suggesting a tightening market.

Strongly suggest scoping out GA, TN, OK, PA, AL, IN, etc.  

My suggestion is to study first the numbers / cities / markets and once you know your zones / cities of interest, look for people who can help you locally.

If you are considering this approach, I suggest you buy an A-class property in a landlord friendly city and get a PM.

Depending on how you use the property, you may benefit from a cost segregation study and bonus depreciation once the property is in service. 

I’d suggest reaching out to some local agents in the area.