I never stop driving for dollars.  

A good investor agent can find deals for you, you can cold call, drive around, and scour city data.

Mine were: 216 Earl Street, Daytona Beach, FL, purchase price $325,000 and $289,0001189 Jimmy Ann Drive, Daytona Beach, FL purchase price $89,000 and $135,000There were 4 contracts, two for each address with the different prices, had the seller's name and his name as the buyer.  

The same will hold true in any market you examine I am just using my own market to drive home this point. 

I enjoy real estate the drive and the rush for me is closing deals finding them and helping others accomplish the same.

Consider the cashflow off that first property as a sustainment cost.

a simple drive by would have probably shown the property was in the HOOD..

One of the benefits here is that you can save a bit on closing costs but the PPP (pre-payment penalty) structure may be more aggressive, ultimately inhibiting your ability to sell off if needed - since the loan would need to sustain a minimum debt service.

This could drive prices up and make things worse.The better option is to buy now when there's less competition.

Remember, your drive and ambition are key assets in your journey.Good luck!