** It's crucial to understand the intricacies of owner financing agreements to protect my interests.4.

Knowledge is power  and the more prepare you are the more you can minimize errors which in this field means money.Trying to invest, buy or sell real estate without understanding what a foundation is can be crucial. 

It only took a few years punching in for me to realize I really needed to do my own thing, but the 12 building and forming years from 18-30 were crucial. 

It is really comparing apples to oranges in a sense.

Securing financing is a crucial part of the process. 

There is a fixed starting bid on each property so not sure what they were referring to by "negotiating".Most liens including the mortgage gets wiped out but others such as Irs liens do not so it is crucial to do you homework.But yes the ultimate goal is to buy the property for a very good price to be able to do any repairs if necessary.This past month i bought a condo for 14k and another one for 21k so yes it is possible to purchase properties for very low prices but 3k at least in florida seems a bit unrealistic.

You're changing apples to oranges.

The ability to run plumbing and electrical to where your cabinets will go is crucial.

But you will find having a good Realtor that has worked for years with out-of-state investors crucial to your success.

This is not to scare you, but just let you know that paperwork and how you go about handling your real estate investment business is crucial for you to minimize your risk of exposure.