John Beck was a guru back in the early 70s who did a lot of small time (self promoted ) stuff with tax liens/deeds, particularly in California.  

But you can find things in Denver that will cover its own cost, or kick off some cash flow even in the LTR space, as long as you buy right.

With low cap rates and high revenue and profit, valuations are off the charts!!!...

Are you looking to live off of the cash flow?

For the smell, buy an ozone machine off amazon (have the unit empty while it is running-same with upstairs if the airflow is connected).

If you have little to no PM experience, then you're better off hiring a professional PMC.EVERYONE thinks it's easy to DIY property manage - until something goes wrong and you have no clue what to do!

Many of the investors that I have worked with have found our off market inventory perfect for 1031 investment.  

For example: If your credit limit is $500, you want to carry a balance of $45.00.With this $45 balance would you never pay it off?

The way we counter those numbers to make it a great deal in Phoenix is to buy off market and take over the existing 3% financing.

Typically a HELOC is a better fit for a flip/BRRRR type of scenario so you can pay the HELOC off/down much more quickly.I have used our HELOC in both scenarios.