This deal came through Partner Driven's local network in Windsor, NC.

They can also guide you in choosing properties that appeal to dependable tenant demographics.Access to Reliable VendorsProperty managers have established networks of cost-effective contractors for renovations and repairs.

For networking and education, I recommend checking out CIREIA (Central Indiana Real Estate Investors Association).

Bigger Pockets is a great place for education and networking. 

It helps a lot with networking on here.Other than that, be a sponge and soak up as much content to learn the game.

I am new and I am checking in to see who is local to Albuquerque or in New Mexico and wants to meet up for coffee to talk about investing and goals! Lets go! 

@Emeka OkekeIt's great to see your commitment to learning and networking—those are key to success in real estate.

Here are a few to watch out for:Property Condition: Most distressed properties need extensive repairs or renovations, which add to your initial investment.Competitive Market: With Phoenix's popularity among investors, competition for the best deals can be intense.Complex Deals: Foreclosures, auctions, or short sales are much more complicated compared to regular real estate transactions and usually require specialized knowledge.Tips to Successfully Navigate the MarketDo Your Research: Understand the local market conditions, including neighborhood trends, property values, and potential rental income.Build a Strong Network: Work with professionals who specialize in distressed properties-such as brokers, contractors, and legal experts-to make the best decisions.Assess Costs Carefully: Factor in the cost of repairs, holding costs, and any potential financing issues when evaluating a property’s profitability.Be Patient: Finding the right distressed property takes time.

As a Florida Real Estate Attorney and Investor, I have seen investors do their best networking with local groups.

I would visit local meetups for real estate investing, and also network with agents in your area that work with a lot of investors.