Total return used to allure me but no more.

A friend of mine, who's been investing in Austin for years, mentioned that this approach is opening up more opportunities for both developers and residents.In my own experience here in Phoenix, flexible zoning has been a game changer.

Hey @Michael Brattelli, thanks for the comment!

This forum has been an absolute wealth of information around the foreclosure process and trustee sales.I've been heavily researching tax sales/foreclosures for a few years now and finally feel ready to take the jump.

You only need a place to track tenant information, payment history, maintenance, etc.

Let me know if you want more info!

Just make sure the rental market can support the property’s expenses and have a plan for property management if you’re still in California.

I am sure you're aware of the FEMA 50% Rule for renovations of properties in certain Flood Zone's, so I won't insult your intelligence by going into it.

You don't have to take my word for it - just go look for available rentals in the Poconos and look at their vacancy rates. 

You could pull some cash out to do the renovations and then refinance on the ARV once its done in 6 months and take out more cash to buy another investment home or rent that one out and buy a New primary home.If you have any questions on the steps or the process feel free to reach out or send me an email.