This strategy could give you steady cash flow while avoiding some of the volatility that can come with Airbnb.

My criteria is cash on cash return.

I’m considering a cash out refi. 70% LTV on a property that will likely appraise around $450K.

Refuses to extend the 15 day escrow which we did because we were told it was a cash deal.

Breaking Even & Potential Cash Flow•Your goal of breaking even in Year 1 is very achievable, especially with a 5% down payment and PMI removal via renovations.

My realtor stated I may not have enough cash to cover rehab cost after selling.

Plus licensing is crazy expensive.There are issues all over the place here and getting anything to cash flow is a tough row to hoe.

Many heirs prefer this because it means quick cash (or a check) without having to go through an estate sale company and pay commissions.

This negative position can consume years of cash flow to recover.

Stay disciplined and avoid rushing into deals without thorough due diligence.Resources for InvestorsIf you’re new to investing in distressed properties or looking to expand your portfolio, consider leveraging resources like:Local Realtors: Realtors specializing in distressed properties can assist in locating off-market deals and navigating complex transactions.Community Forums: Attend a local investor meetup or join online forums for the Phoenix market.Educational Tools: Search out webinars, workshops, or courses on investing in distressed properties.Final ThoughtsThe distressed property market in Phoenix is creating some excellent potential for the right investors willing to go the extra mile necessary to take on strategic risks associated with this category of real estate.