The equation shouldn't be PP = Market Price - cost to repair foundation, it should be PP = Market Price - cost to repair - discount for taking on the risk.

You will likely need to find something off market.

- Find ways to provide real value: Whether it’s market insights, deal structuring ideas, or even helping investors improve cash flow, being a problem-solver makes you stand out

What markets are you looking at?

They’ve already made a name for themselves in Mexico with projects that blend eco-friendly practices and thoughtful design, and now they’re bringing that expertise to one of the most popular markets in the U.S.For investors, this could be an exciting opportunity to work with a developer who consistently delivers quality and strong returns.Check it out:  Travel weekly by Northstar

This will help you close deals faster.Focus on marketing and lead generation to find motivated sellers—direct mail, driving for dollars, and online marketing all work well here.Know your numbers—being able to accurately assess the value of properties and make solid offers is key.Network with other investors and professionals—attend local REI meetups, connect with title companies, and build relationships with hard money lenders.Feel free to reach out if you ever want to chat more or exchange ideas!

I would consider the tenant's past, as well as the condition of the unit, my local market, and other factors.

Cheapest marketing model I’ve put together.

I am seeing a trend in CA that ADU construction is more cost effective (per unit) than buying on the market by a long shot.

I guess with certain markets its achievable!