It is a massive part of the business, and you have to learn how to deal with them head-on.

Yes, there are instances where the eviction/forfeiture process is less expensive and faster, and theoretically there can be more upside, but on the whole, those factors do not make up for the negatives.

I'm heading down to Miami this week to scout the real estate market and wanted to get a sense of the market from folks on the ground.

For instance, the closing costs on a 30K house just doesn't make sense.

As others have said, good for you to have your head on right at your age.

There are more, but that's what is on the top of my head as I read your post.In addition to that we're living in a post covid world man.

This Lease is void if the Tenant is the head of a diplomatic mission or a member of thediplomatic staff of a mission, or a family member of a diplomatic staff of a mission, or administrative and technical staffor their family which entitled them to the diplomatic immunity accorded to such persons under the Vienna Conventionon Diplomatic Relations unless the diplomatic immunity accorded by law has been waived in writing by an authorizedrepresentative of the sending government.

Hence the reason why I thought hard money would be required during the seasoning period.Also I think we are heading into a correction for some areas of the country which means you could loose some of the value and eroding the 25-30% discount it took so much effort to find.For now I think the smart money is to buy with rehab in mind and only take deals that can also buffer for possible interest rate increases and some market softening.

Seems to be some opportunity as you head east and push out to Kernersville as well.

With all of the restrictions in place, heading into fall and the likelihood of more restrictions around the corner, you could really put yourself into  a box.