Maybe a newer investor with similar loose underwriting, just looking to get in the game will buy them (it's an offensive term and I'm sorry for that but it's called "The Greater Fool" theory). 

She takes her expertise and success and strategizes how to make immediate game-changing improvements. 

Is there anything I'm missing or is this just part of the game where you have to find that one deal that works?

Being that I am new to the game, I thought it would be best to go through an attorney.

Think rent growth in a city like Seattle or Boston, but in Chicago, you can actually afford to get into the game.

In these areas, you will generally not cash flow that well for the first few years, but years later (like me now), I can retire off the profit that I make from these same properties.Ultimately, this is how I chose to play the game and it is not the perfect game for everyone.  

I own 4 long term rentals in Memphis, and I've found it to be a great city to invest in, so I'd really encourage you to find some good properties and get into the game!

Maybe I was too ambitious by expecting to get a solid property in a solid area for $100k below assessment with no competition... but man, I am going to have to up my game! 

Hi Late to the game here.

I am choosing to NOT use a RE agent as the last 3 i tried were a nightmare and just tried to “just get me in to the game” with any cost and they clearly had no clue about lending.