You just have to learn to train your tenants to pay on time whatever method you choose.

Which state depends on where you live and the strength of the LLC in that state.

I do not disagree - I think people have this FOMO and think that because this can be done that there is no risk and they are all trained light slaughtered cattle that it can be done without any money or risk.

where I failed in my business is not having a 1, 5, 10 yr plan and failing to see the assorted train wrecks coming down the track. 

A few of ours barely have an accent (they studied here for years).They are trained for level 1 support and filter out 95% of common issues for us, the other 5% go to management here locally to handle.

So, I'm very comfortable in the construction space.My husband and I have been investing in real estate for 5 years, currently have 14 units.My strength has been value engineering our construction projects. 

Every state has a unique set of laws and regulations regarding the foreclosure process, so your ability to succeed will depend largely on where you're operating.Also, all three of these require advanced skills and background, so I wouldn't necessarily start here.That said, if you do then be sure to get top-notch training and complete deal documentation from folks who have seen at least one full real estate cycle.Rather than specializing so soon in your real estate career, I would instead recommend just getting in front of as many real estate owners with problems.Just getting really good at talking (and listening!) 

Curruthers’ insights reveal that the strength of an empire is not solely determined by financial success or market dominance, but rather by the quality of the relationships that underpin it. 

Even if it appears your property is marketed at less than the competition, there could be something about it that makes it less desirable (busy street, near train tracks, no off street parking, run down neighbors, etc.)

My entire staff is trained on how to deal with this subject as it is a growing category.