If you can get over that aspect, this area can be rewarding.40 year olds riding BMX bikes with makeshift trailers in tow looking for any tools that an unsuspecting landlord might have left unattended.

There is risk but there is also reward in the form of additional revenues and additional bookings.

Bigger risk, (typically) bigger reward. 

Take the time to research and make informed decisions, and consider seeking the advice of a financial advisor to help you create a well-diversified investment strategy.Remember, investing in real estate can be a long-term commitment, and it's important to consider all aspects of the investment, including risks and potential rewards, before making a decision.

There were a lot of hoops to jump through but it has been a rewarding process.

Financial freedom and I want to be charitable.

Out your way I suspect its a tad more complicated with certain city and municipal liens not being removed at sale.VERY high risk  but can be HIGH reward.. although universally everyone I talked to around the country says that the sales are so highly competitive that many times newbies bid stuff up over market value.. so be ware.

Risk = Reward in my eyes. 

If I was in that position now I'd pay off the primary mortgage on my house 1st since the standard deduction everyone gets is more than my primary mortgage interest plus charitable contributions, etc.The interest on then rentals would still be deductible as a business expense for me.YMMV though. 

These strategies should outline the process for selling the property, buying out the other partner's share, or transferring ownership in a way that protects the interests of both parties.While partnering with family members can be rewarding, it's crucial to approach it with a business mindset and take the necessary precautions to protect both your investment and your relationship.