So I would absolutely not able to invest in a foreclosed property for long-term rental due to various reasons.I know that with foreclosed properties for long term rental, the main benefit is the Refinance in the BRRR method for long term rental properties.  

My favorite is 3/2 but I know that wasn't an option you gave...

Another common ranking method is to factor appreciation over 1 year (which is a ridiculously short period).

Hi everyone my name is Yuriy Panchelyuga.I’m looking to start a new portfolio in western massWhat I can bring to to the table is partnership with finances and I have friends who can invest too. I also sell solar so I ...

After recording 30 episodes, pick your favorite 5 and ask them once a week what you can do to bring them value4.

Now I have to figure out the best method to protect myself because the property has a pool.

@Brandon Kalker the answer to your question is the BRRRR method.  

One of my favorite BP books, "The Book on Investing in Real Estate with No (And Low) Money Down", has helped me make a couple more deals outside of this business.

@Charles D.Just like using the BRRRR method you buy at a discount and force appreciation.  

I'm using the BRRRR method in Texas, however, I am running into some challenges finding a lender who will do a cash-out refi on the properties I recently purchased.