Depending on your target market, you'll still be able to find some good deals (depending on your strategy).

We're currently looking to purchase a property for <$500K so Phoenix is not a good fit necessarily for this first investment, but may consider increasing our target price for future purchases.

First thing I'd recommend is figuring out your target market.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

By targeting key areas that would increase buyer interest without a full renovation, we significantly boosted the property’s value.

One of my target markets has many large single family - 4 units at lower price points and I think it’ll be a good entry for rental income.

Focus on areas with low vacancy rates, strong rental appreciation and economic growth (check to see if businesses are coming or leaving and what unemployment looks like). during this phase you should decide what tenant profile you are going to target section 8 (or similar)?

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

@Kang-Li ChengI cannot comment on this specific company but we buy loans from similar companies (both performing and non performing) and I Can say the consistent component to these companies is they are horrible at underwriting and write loans to collect the points / fees but many of the loans we see we cannot believe they gave that person a loan.I am curious what types of returns they targeted as the invest in one asset model to me is very risky.

A byproduct of Dodd-Frank which was targeted at predatory lenders, is that now it's incredibly hard to get loans on properties under $100k.