What was the outcome?

Also worth noting, unlike the stock market where you can buy into the broader market and the market price is set, real estate you are buying a single specific deal where prices are not set.

@Jason Allen a wise question, but there's no specific industry standards in the SFR area, like there is for MFR.Read below for what we use:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.When investing in areas they don’t really know, investors should research the different property Class submarkets.

I was wondering if anybody had some area specific issues to keep an eye for and what are the BIG problems to avoid.

Don't know this specific "mentor" but I would typically advise to steer away from them.

But they put on things specific to the foreclosure being done property like the power of attorney for the foreclosing company to act for the bank owner. 

Most of those STR-specific risks are avoidable. 

Just posted yesterday some more specifics where new construction is starting to creep in.

They have specific operators and deals that they will get paid a referral fee on and they want you to buy those deals. 

Their situation was a little specific as they lived in and operated a business out of their home so they signed up for a NNN lease, and the property was dual zoned residential and commercial so we were able to maximize their value.