This minimizes disruption if issues arise.

From there, you will learn exactly what to do with your cash so your risk is totally minimized.

Just curious what is the long term plan as far as minimizing tax in later years as the account in pre-tax become huge?   

At the same time, I prefer to minimize liability, though I’m not a seasoned investor.Is this one of those calculated risks that investors eventually become comfortable with, or should I prioritize limiting liability from the outset?

Interested parties can search public records to discover any lis pendens that indicate a home is in the pre-foreclosure stage.Notice of sale: A notice of sale informs a property owner that their bank or lender intends to sell their property because they are in default.

Both of these challenges can often be minimized with the right team and guidance from an experienced investor.As @Jay Hinrichs mentioned, appreciation is the main driver of wealth in real estate.

Time is critical, especially in competitive markets.Clear Offer Terms - Present a firm offer with terms that make the seller feel confident that you can close fast, with minimal contingencies or proof of funds.Due Diligence Preparation - Have your financing lined up and know your repair/rehab costs in advance so you can move quickly without second-guessing.

Add maintenance/cap ex, vacancy, PM, misc and this is likely negative more than $500/month even if self managed (much more than the negative $200 that you indicate you are ok with) 2) if you are behind on mortgage, how are you going to handle being negative $200/month, or more like negative $500/month?

But that should be a buying indicator for a smart investor as you can get some really good deals on the bigger ones.I actually saw a 5,000 sq ft cabin (maybe 10 years old) that sold for just under a million. 

While this is the most expensive option, it minimizes the risk of costly mistakes and ensures you’re getting tailored advice.If you’re confident in handling the process, the DIY approach can save you money.