Low value markets might be Pennies on the dollar like you allude to. 

If you're a landlord or investor in the Charlotte area, you might have noticed something unusual in the rental market this winter.

It's important to know what market rents are for what you are analyzing, many properties are super under rented and you have to get them to market rates. 

Quote from @Daniel Tanasa: Hello Terry, If you're looking to find houses that are in pre-foreclousure you can use a website like www.foreclosure.com and you can get the list of properties and start marketing to them. 

@Emily ShinHouse hacking a multi-family property is an excellent way to start investing in real estate, especially in a market like Columbus, Ohio, which offers affordability and growth potential.

Last year, I purchased a SFH under market at 7.65% interest rate and did some rehab to up the value.

What I love about them is they will even accept the higher lease amounts over the market rents if we can show first month's rent and security deposit.

Most will have large scale marketing engines where they spend thousands or tens of thousands a month, and operate or license time in call centers.

What market?

Marketing Yourself Locally – Focus on word of mouth and local networking.