Sellers can benefit from a potentially higher sale price and interest income.this simply is not correct.. 

A thorough evaluation will help you identify potential risks and make informed decisions about whether a property is worth investing in.Here are some key factors to consider when evaluating a distressed property:Location: Location is one of the most important factors in real estate, and it's no different when it comes to distressed properties.

Also, thoughts on potentially investing abroad first vs the tri-state area (where house prices have skyrocketed)?

❌ Stop dividing the NOI by a cap rate to find the value of a deal.When I come across a potential deal, that's the last thing I do.

My investment sights are set on the scenic Hudson and Housatonic Valleys, where I see tremendous growth and community development potential.💫 My immediate goal is to purchase my first rental property within a year.

After viewing properties, potential renters would receive programmable follow-up questions and even be given follow-up questions to determine their level of interest.

Borrower short on a variable rate (HELOC), borrow long with a fixed rate.I can potentially do either for you but would suggest a fixed rate either first or second mortgage. 

What about other potential loan options like 401(k)?

@Phil SharpI have talked to several investors over the years that have said the only thing they wish they had done is buy rental property in areas that had potential to appreciate.

When dividing your focus, your multiplying your failure potential rate.