Cheap property vs. good deal

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Are there any good forum post or blogs on finding a good deal versus a cheap property? I feel like there has to be, but sadly searching "deal" or "cheap" comes up with a ton of forums! Is it pretty much just a numbers game and location? Or is there a defining factor which sets apart cheap from good deal? Thanks!

[Robert Leonard]

Tiffany T. I'll use some numbers for illustration, but they may have no relevance to your market, so bear with me.
If you find a 25k property in an area full of houses for the same or similar prices, that's a cheap house. Not a great deal IMO.
If you find another house for 25k in an area where other houses are 50-60k, subject to condition, that's probably a good deal.
It comes down to knowing the market you want to invest in. That's the only way you know when you have a deal on your hands!