Because counties usually set the fair market value of properties  about 15% below the actual sales value.  

Current Market ConditionsPhoenix has long been a hotspot for real estate investors, particularly those interested in fix-and-flip projects.

Currently all $200K is subject to self employment taxes ($30K tax bill).If taxed as an S-Corp, I could pay myself $50K as a salary, and only the $50K would be subject to self employment taxes ($7.5k tax bill).

Quote from @Lilach Holtzer: Quote from @Ryan Waslewski: My wife and I currently invest in those areas, we are new to investing but not new to these areas.

Current on vaccinations?

Anything below is likely in a bad spot.

Look at a few of my post to others and if you want some direction or advice from an Old Fart, I'm your guy.  

I'm currently a leasing professional at a luxury high rise complex in downtown Ann Arbor.

Hi Isaiah, I am based in Fort Lauderdale and can speak to the local market directly.  

An update one year later after this post, I now have:- Got my property and casualty license and wrote 370+ policies in a year- Saved up a few more thousand dollars in investable cash, paid off $20K in debt and raised my credit score by 100 points- Launched a direct to seller cold email marketing campaign and generated leads for cheap- Got connected with a few real estate investing communities like Subtle Asian Real Estate and Pace Morby's SubTo- Aggressively read and studied as much as I can get my hands onThat being said, I decided to run a marketing campaign to generate distressed seller leads in Phoenix, Arizona, mostly because:1.