Detailed recordkeeping is crucial to avoid pitfalls.

Almost every action taken in the economy is taxed and the faster the economy chugs forward the more taxes they collect.

It's easier for an investor to stay committed to the plan and avoid change orders than it is a regular homeowner.

Stay disciplined and avoid rushing into deals without thorough due diligence.Resources for InvestorsIf you’re new to investing in distressed properties or looking to expand your portfolio, consider leveraging resources like:Local Realtors: Realtors specializing in distressed properties can assist in locating off-market deals and navigating complex transactions.Community Forums: Attend a local investor meetup or join online forums for the Phoenix market.Educational Tools: Search out webinars, workshops, or courses on investing in distressed properties.Final ThoughtsThe distressed property market in Phoenix is creating some excellent potential for the right investors willing to go the extra mile necessary to take on strategic risks associated with this category of real estate.

And while it is not your job to be an expert loan officer, it certainly helps to avoid these situations. 

I was very relieved when I saw how much I avoided paying just for those two things.

Given today's market.But conservatively, at those prices ($1,100 studio, $2,100 house) they would bring in$38,400 a year. 53% of that would go to fixed expenses ($899 mortgage @ 2.15% interest, $5.8k property tax, $4k house insurance).

The promise of accelerated depreciation and immediate tax savings is attractive.

For example, avoid wasting time comparing new construction with sun-soaked windows to basement units with stained drop ceilings.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.