This can be appealing for buyers who are handy or looking to invest in a fixer-upper.Priority for Owner-Occupants: HUD prioritizes bids from owner-occupant buyers during the initial bidding period, giving them a better chance of securing the property before investors.

@Jason Gamio there have been properties I've bought sight unseen, however, I know the city, I have confidence in my real estate agent, I have a good property manager and if they are okay with it I'll purchase without seeing it.As others have mentioned it's not worth doing if you don't know the market, you don't have the cash or you don't have a few players in place to help in the process.

the reason was the average investor who wants a 100k rental in memphis has 20 to 30k but does not have 75k to do the buy and rehab which is risky from afar.so how the business worked and i did well over 1000 of these as a HML.. it went like this.. and so this BRRR that we did was before BP was on the internet its nothing new.You had the following players.1.

She’s a big player in the local RE community. 25+ years experience.

The client prioritized leverage and was adamant a hard money lender would offer the best terms citing the higher LTC.

I was also inexperienced and did not understand the process and as a process driven person could not understand why it would take a month + to board a loan.So its not only knowing what is or is not a good note, but knowing who the players are in the game you are gonna need and how that game is played. 

🏡 According to recent surveys:Millennials, aged 25-40, prioritize walkable neighborhoods and urban amenities, with 72% expressing interest in living close to restaurants, shops, and entertainment venues.Gen Z, aged 18-24, values sustainability and eco-friendly features, with 64% stating they are willing to pay more for properties with green certifications and energy-efficient upgrades.Baby boomers, aged 57-75, are seeking downsizing options and active adult communities, with 68% indicating they prefer single-story homes and amenities such as fitness centers and community social events.Understanding these preferences is key to finding the perfect home for every generation.

Cleveland is a great market if you're looking for cash-flow deals and the Columbus market is rapidly growing as a result of some of the largest players in the tech industry expanding and growing their business here.

Given that the local municipality requires a property manager for absentee owners and the state of Washington requires a license for property managers, it's advisable to work with a reputable and licensed company like VACASA or any VC backed players Frontdesk, Soda Stays, Evolve. 

They will prioritize addressing all requests and questions promptly and effectively, striving to exceed your expectations at every turn.