I would be cautious of communities that are on the high end of the corporate tax range.

I would be cautious about buying in this market.

Yes, you have to watch for the rip off gurus and JV coaches that will take advantage of you, just like when buying a used car you need to be cautious.

Very interesting process, here the redemption period (3,6,or 12 months depending on situation) starts when the court gets a Judgment for foreclosure, and sheriff sale is after that time has run out, with toe courts confirming the sale at least 10 days after the sale. the borrower has until the confirmation to pay the balance owed. i go the the clerk of courts, pay the balance of my bid, he or she hands me  a signed Sheriff's Deed and a check fr the transfer fee, and I record it in the Register of Deeds office, as soon as i pay its legally mine, now in the time between sale and confirmation, there is an argument that you have a 10% interest, so sometimes people will change locks and such, i'm a bit cautious about that.

He did welcome a morning call the day of sale.Today, group of us interested waited all day and politely tried to reach this lawyer to see when he may show.From 2pm-4pm, about a dozen bidders lingered waiting, cautiously watching potential auctioneers .

Part of this is because of my market, and part of it is because I am a cautious investor and I think this is the safest way to invest.

I’d do a lot of research on areas/building types that meet your needs, and proceed cautiously- first rule of investing is- don’t loose money!  

I’m being extremely more cautious of where I want to put my money next.

I would love to get one in state with Bakersfield, but at $200K with only $1200-$1500 in rent, I am very cautious as I promise myself not to get a property that is top of the market since the vacancy rate is so high (I had a luxury condo before).  

@John Wolf I would be very cautious about selling properties in retirement.