My strategy is buy and hold, but its impossible to ignore resale potentialIt's a REO at $180 k 3 bed 2 bath SFH with semi-finished basement.

Or, if there is something on the prelim that looks like an easy fix (lien payoff, etc.) but then turns out to be difficult or costly or impossible to cure in a reasonable time frame.

In my home area it is almost impossible to get stuff that cheap so it is even harder since nobody has that experience.However I also do rentals on the other side of your state and I know dozens of investors with hundreds of properties and not a single one has a bank loan (That they originated at least).

Thing is that a business entity will offer the means to write off expenses to the income that would be difficult if not impossible to do personally.As an example, you could write off cleaning supplies to gross rents personally, but if you were audited for any reason and they see gross rents received being higher, then the expenses can be questioned and they will certainly say, "you probably used those paper towels at home" type of thing.Having a set of books in a business will allow furniture and fixture expenses and depreciation, office supplies and other business related expenses to be taken and justified.

Among those reasons, it was virtually impossible to find anything out about the property in terms of previous rents, repairs, etc., as it was a foreclosure.It seems like these properties could potentially be great deals, but there are a lot of unanswered questions and that makes it difficult to pull the trigger.I guess my question is how to approach evaluating a foreclosure differently than you might for a property where you can actually contact the owner or seller's agent for answers to common questions.Thanks.

Impossible to tell with that limited info.

The PB guide for beginners says we should pick an area "within a short driving distance to your home, rather than investing long distance (unless your location makes it impossible)."

Cashflow is more difficult with hard money but not impossible..

@Marco Santarelli Thank you I also think it is the best time, but always thought it is impossible to invest in the US market as foreigner.

Regardless, without knowing what a 3500 sf new construction would sell for, it's impossible to tell you if it's a good idea or not.2.