If you take that cash and try to buy units in the area, ask yourself what are they selling for?

With that said, I've done some research on the market and found the following information helpful in my considerations for Phoenix that you might find helpful as well:  Demand for both buying and renting property remains high due to the city's strong economy and growing population. 

Step 2: Narrow down your "buy box" (are you market-indifferent, are you looking for a certain level of cash flow, etc.).Step 3: Connect with real estate agents and begin making offers!

Investment Info:Mobile home buy & hold investment.

I’m looking into buying a rental(s) in this area.

Many times a lender buys a property back at a sheriff's sale/auction where they are selling properties as part of a foreclosure.

Quote from @Mindy Nicol: Investment Info:Small multi-family (2-4 units) buy & hold investment in St Augustine.

If you’re in the Detroit area and looking to buy, sell, or simply connect, I’d love to chat!

If you’re serious about buying properties and doing real estate, then I would suggest working with the CPA that understands real estate even if the services cost more than your average H&R Block or some TurboTax program you can buy.

Now, I’m rebuilding my portfolio while continuing to help others buy and sell homes.