Some might not be livable at purchase but 5k still seems cheap unless there is something off with the data. maybe the prices were reduced on unlivable properties due to back taxes being part of the deal for the purchase.

The programs are not cheap, but they are legit.

There are seconds in the way of HELOANs and HELOCs for investment properties, but they aren't cheap.

The foreclosure process is not cheap or fast.

One golden rule I follow,if it takes a long time to fix/replace when it breaks, don't buy a cheap one.Imagine, this thing breaks in the middle of your peak season and the people who can come out to rebuild are 2 weeks out....It takes at least a day or two to build something like this even if you are super skilled.

Expect to spend another ~$8K for that.If you are planning to close all-cash and bring enough cash with you for operating expenses and rehab, you are looking at a minimum capital raise of about $3M and that is for a cheap 32 unit.

I will go see samples but figured you folks could give a definitive thumbs down if this is just today's version of cheap linoleum.

Boots on the ground is hyperlocal, and what you're looking for is essentially cheap labor that can open a door when you need it.

@Asim G. if owners weren't so short-sightedly cheap, PMC's wouldn't be doing this!

I’m open to flipping, renting, or exploring other strategies.My mantra is to test new things “fast and cheap,” so I’ll probably begin investing locally in CT before considering otehr markets across the US.