Phoenix contains a rare combination of elements that have created an outstanding market for distressed property investments, including the following:Cost Savings: Distressed properties are sold below their market value and enable investors to take hold of properties at a trifle compared to traditionally listed properties.Strong Market Fundamentals: Being among the fastest-growing cities in the country, Phoenix ensures a high demand in housing and rentals, hence good potential for resale or income from rentals.Value Creation Opportunities: Most distressed properties need renovations; thus, such situations present opportunities for investors to increase equity by adding value.Population and Economic Growth: Phoenix remains among those cities in the country which are attracting more and more residents and business; therefore, this presents good, long-term appreciation possibilities of property appreciation and income creation.Challenges to ConsiderWhile the rewards can be great, distressed property investment is not without its challenges.

Price : $100,000,  4126 Laverne St, Oklahoma City, OK 73135, seems like good condition throughout.  3Bed/1Bath750sqftSchools are mostly 2/10Average rent for the zipcode is $950What do you guys think about this deal?

If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.

Sounds like you have a good plan moving forward for your investments and great markets selected for BRRRRs. 

✅ Demonstrate that you are a good person to work with.Be responsive, transparent, and friendly.

I am new in BP, and I am looking to understand where I start with learning about REI.I currently live in New York which it's not a good place to start investing.i know the difference between STR,MTR,LTR....

Good luck with your investing and feel free to reach out if you have any questions or if you need any help underwriting a certain deal.  

it is a fairly good start.  

I wanted a place in a A class neighborhood in Chicago with good tenants How did you find this deal and how did you negotiate it?

A good drywall guy can hang and finish it in less than a day easily.But what you need to do is put a bunch of Green Glue between the sheets.