I will be traveling to the 2 locations next month and want to get an understanding from someone who has done this how they approach it. 

Do you just contact the collection agency prior to any formal court precedings?

Purchase price: $122,900 Gorgeous 3 bedroom, 1.5 bathroom located in the heart of Florissant, MO.

I recently received a call about a property located at Cairo, GA .

After winning, do you have time for DD or is this done prior to bidding?

To earn passive income through house hacking, investors should ensure the rental income exceeds the expenses associated with the property.5.Short-Term RentalsShort-term rentals such as Airbnb can be a lucrative way to generate passive income, particularly for those with properties in desirable locations.

We also point out air filter locations, main water shutoff, electric panel, GFI's, sprinkler timers, and other mechanical systems. 

We were blessed to have a laundromat conveniently located down the street and been able to make a deal with the owner.

I'm considering diverse options for reinvesting the proceeds ($200k+) from a planned 1031 exchange and am open to various strategies:Las Vegas/Reno: These markets offer potential for both cash flow and appreciation, but I'd need more information on their suitability for mid-term rentals and current market conditions.BRRR strategy: This approach could be attractive for value creation, but I'm hesitant about out-of-state management and require a turnkey or experienced team to handle renovations.Other locations: I'm open to exploring other markets offering favorable investment opportunities, particularly turnkey properties or areas with manageable maintenance requirements.My preferences:Turnkey properties: Minimize management headaches and focus on cash flow.Limited appreciation: While some appreciation is welcome, cash flow is the primary priority.Shorter-term rentals: While Airbnb isn't an option in my current area, I'm open to exploring short-term rentals in other markets.Avoidance of major renovations: My recent experience has solidified my preference for well-maintained properties.Current portfolio:3 duplexes in Missouri (mixed performance)1 single-family home in Memphis, TN (turnkey, positive experience)Questions for the community:What are your thoughts on Las Vegas and Reno as potential investment destinations?

If your rental property is located in Phoenix, and the ac unit stops working in July, your repair cost may be 2-3times what you expect.