It is how you screen through the 80-100 messages and find the diamonds in the rough 

Naturally, I can spot a diamond in the rough from afar.Even if I had to foreclose (worse case scenario)I can repeat the owner finance process.Collect another 10k deposit, sell for a potentially higher price, and cash flow again.I’m not sure agree with your assessment about equity being the same and returns being equal.My average acquisition cost me 10k out of my pocket, my average cash flow is 500.00/ month per property.

There's an old story about a man who spends his whole life traveling the world and spending his small fortune to look for diamonds so he can make a big fortune. 

BUT now that's behind us, we found our diamond in the rough.  

You can't always do a ton for the neighborhood but you can be the diamond in the rough.3.

The real diamond in the rough though was the 2 gutted units, and the ability to create two brand new units for $30K/ each which would dramatically increase the NOI because it would officially be an 8 unit.

The real diamond in the rough though was the 2 gutted units, and the ability to create two brand new units for $30K/ each which would dramatically increase the NOI because it would officially be an 8 unit.

@Ty Upshaw, it appears this property sold at auction in 2012 and was purchased by White Diamond Investments. 

@Jake Diamond No I’m not planning on living there, it’s just going to be a rental for the time being.

I've been watching the Black Diamond market for a couple years as OakPoint worked through the red tape to get the MPD approved.