Seems as thought the vast majority of foreclosures relate to SFHs.Thanks!

major renovation Good condition?

Putting $40K into it is a major commitment and likely a sign that this is not a great deal (repairs are high relative to the purchase price).

I would really not like chasing a specific deal for 4 months and then get a major surprise at the closing table.Greg

At the same time read up on all the other major forms of investing in RE so you understand the broader market.

Don't forget the exterior- a nice fresh coat with contrasting trim ALWAYS helps curb appeal.Lastly, keep in mind when doing all of these things that IF there is a major issue with plumbing or wiring, or termites, or ?

Or would the number of rentals in a major downturn be greater than the demand, causing rental prices to drop thus potentially causing many properties to go into negative cash flow?

Since these are new units your should be able to avoid major repairs in the first few years.

5 Star hotel to be built in Dubai's Sports City.

The majority of TIC Brokers are NOT licensed by both, they are either licensed by the NASD if they are selling TIC investment properties as securities or they are licensed by their states real estate department if they are selling TIC investment properties as real estate.