Too bad you can't buy something owner-occupied, put 5% down with the best interest rate, live in it for 12 months (and fix it up), rent it out and repeat the cycle.Here's some other info you might find useful:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Now if you're one of 10 investing in something - say a million each into a $10 mil complex - that's a different story.

Of course I’m asking questions and who knows maybe there’s something I’ve overlooked. 

Try Jay Hurst ( on BP), I'm not sure if he works this area but he can probably find something or give you some information / options moving forward.

I won't touch it if I can't make $100K a few months on something. 

I always work with my CPA first before logging a new type of expense on my books because somethings are okay and some are not.

The person had something of an accent.

@Grace TapfumaThat’s a great question, and I think it’s something every investor has to consider.

I would like to find a mentor/agent who has experience with Foreclosures (HUD) who would be willing to answer questions and work together in the Phoenix/Scottsdale area.I'm on a new journey in life and finally taking steps in the Investor direction... something I should have done a long time ago.

Don't just do something cause someone on a REI forum said so, really understand what it is and what you want to do.