So there are many more participants at the novice level who may not understand the risk/reward nature of this type of investment. 

Sometimes with higher risk comes higher reward, but that can also be a two edged sword.

The reward comes slowly, compounding while everyone else gets distracted.Startups follow the same pattern.

I think finding C+ to B properties give you the best mix of risk and reward, but it's extremely tough to find those properties that make any sense at all right now.

Tax deed is a high‑reward, high‑risk lane: titles can be messy, redemption windows vary, and you often can’t inspect, so you win by mastering one county’s rules, running conservative ARV/rent comps, and budgeting for quiet title plus unknown repairs.

As reward, I will provide a clean, safe, functional home and be responsive to routine service requests.

At the end of the day, it's a lot of risk for very little reward.

Yet your contractor will just ignore it and not even put it in budget and it will come up later.When I weigh the risk and rewards of flipping right now, it's not even close. 

Talk to your CPA first to see if the rewards outweigh the costs.

It’s also important to have something to do each day that is emotionally rewarding and also to have something interesting to talk about at the dinner table each night.