Off-market: is where the gems are, but typically you're going to have to build a relationship first before you can begin to the details on a Facility so it takes much longer than just looking through an already-created OM.Typically there are two ways. 

@Jim Growfer If you buy a property at a 3 cap in an area that sells for a 5 cap, you may have bought a gem.

78745 you can find hidden gems still but you will be a bit over 200k

It is hard to find a gem right now because there are hedge funds buying up everything in the area, but you can still find them, especially right now when you are not competing against the summer time buyers. 

When the market is hot profits and commissions get squeezed as margins decrease.It will be a lot easier to make money once we hit the next recession.Those of us who have made our way through 2015 and 2016 finding the hidden gems (properties discounted beyond what it would take to make what most would consider an acceptable spread in this market) are now having our margins squeezed beyond what the aggreggate numbers would suggest.Two years ago the MLS was drying up, but I could find one here and there, or do direct mail and dig up some decent leads. 

We have 60 days to figure out how to use this gem (seller gets 60 day rent back due to personal circumstance.) 4 beds, 4 baths, new pool, new hot tub, newly remodeled 2012.

I restored vintage cars and enjoyed every minute of it. 

Perhaps there's a gem or two.

I hope to find a gem too.

Hapeville and East Point are still pretty rough but have some gem areas. find the right block, find the right buy.