How do you guys find bargain when looking for real estate investment property?

[Kevin L.]

I live in Northern Virignia, close to DC. I feel investment deal is hard to find. From investment perspective, most of the house sold here have little positive cash flow even with 20% down and 4-4.5% interest. If you have one or two month vacant, then, most likely the cash flow of that year will be negative, if you add repair, maintain .... .... it will be even worse.

The housing market here is picking up, its about 2-3% appreciation/yr.

Under those circumstance, how to find real bargain would be the most important thing in my eyes when looking for investment property.

How do you guys looking for real bargain? Would you mind share your experience?

Thank you!