The Preston Hollow/Sparkman/Hockaday/Jesuit areas of Dallas are a prime example.  

(this was evidenced by the state of the house and the pool being a big frog pond). 

It was a bowing brick wall and all he did was shore it up with skim coating of the wall that was bowing and added some concrete hollow blocks in front of the bowing wall.  

Kind of leap frog method.  

However, I would argue my home at 338 Fletcher Hollow, Collierville, TN  that rents for $1,595 and I am "all in" at $169,000 is my best property in my portfolio b/c of area.2.

I always tell my multi family clients you have to kiss a lot of frogs to find your prince, but there are still cash flowing properties out there, especially if you won't be living in one unit.

Just bought at auction for $~212K a 1940's SFH 1800 sqft 3/2 with a pool (ok, currently a frog pond) on a double lot that could be rehabbed and then held and rented, or flipped.

I was looking at a vacation cottage rental in Baiting Hollow, NY.

Lots of families, retirees, college students etc. great climate close to Zion, Bryce Canyon, Vegas, mountains, sand hollow reservoir and so on.

You'll kiss a lot of frogs until you'll find your prince:)Both PM and agent will help you focus on where you want to invest and what you need to look for in the specific area.Contractors (good ones) are hard to find so start by asking for referrals and searching via the internet.Regarding the lender- you'll prob go to a conventional bank which unfortunately I have no experience with...