Do your management deals give you your large stake with zero or very low capital of your own in addition to a management fee?

Anecdotally, from searching Wake County (WC) NC records, defaults remain at near all-time lows, and I see this market (foreclosure/pre-foreclosure) as an opportunity not worth pursuing.

When I sold my properties, the price did not increase much (though there was still a slight profit, couple with the rental I had over the years and currency gain (bought when USD was low and sold when USD was high).

Many don't qualify for low down payment/FHA for a variety of reasons, especially the ones sub 200K. 

@Thomas Loyola you haven't addressed the Class of property you intend to buy, so your assumptions could be too low or too high.Your biggest challenge is you are assuming you have to pay asking prices!

Quote from @Bruce Tieu: Quote from @Bonnie Low: It's easy to get ahold of the planning department for the particular city or County you are in.

Usually for first timers and low down buyers the underwriting is a little more simplistic than traditional buy/hold investors purely seeking yield. 

Getting $235K in Maple HTS is a hefty price tag unless it's a brand-new build.We've managed to bump up low appraisals by $20k in Maple HTS, but it really depends on the specifics of the deal.     

Then I give an estimate of my certainty for each item and use that to calculate high and low values.

Newly built homes start in the $270s in suburban communities, like Los Lunas and Belen, or low $300s in class A neighborhoods in Rio Rancho and NW Albuquerque.