My favorite is the Black Diamond meeting in Waltham (Alternates every other month with their other location in Worcester, this is a Waltham month).  

@Patrick Diamond would you say that it takes a good deal of time and energy to keep the properties at 20 to 25 days occupied per month??

As you probably know, we used to hold 2 Black Diamond meetings a month, and the workload was, frankly, killer.  

My personal favorite is the Black Diamond meeting in Waltham every other month (They alternate with their Worcester location, this is a Waltham month).  

I don't see the diamond in the rough here.

:)  I'm not sure about the area you're in, but there are cities across America that will get you properties for around those numbers, or even $50k or below if you find a diamond in the rough

@Carrie BarretteHave you been to the Black Diamond REIA meetings?

Going the other way the Black Diamond meeting in Worcester is another one to check out.  

We purchased our rentals a couple years ago with limited research on finding the "diamonds" and I haven't ran the numbers yet to actually see how we are doing.

My personal favorite is the Black Diamond event in Waltham (alternates every other month with their Worcester location, next Waltham meeting is in May).