There are probably a thousand different cities across the US that are still producing great cash flow.

Quote from @Dylan Webb: Have you talked to a lender to see what it would cost you?

All for a single property...It's a lot of work...for what kind of return?

The property was in a great market but needed full cosmetic rehab and a basement finish to add an additional bedroom which in return would bring up resale value.

If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.

However, you could buy a property with seller financing.

This is a story from my past that provides a perfect example as to why investing in tax liens at auction is so dangerous for any but the most experienced and knowledgable investors20 years ago I purchased a SFR as a long term rental investment that sat on a double lot.  

Not sure where to post this. If you guys know anyone, please DM me.  

I was advised people if you have 25 or $30,000 put it in a deal and learn from there but don't give it to a guru. 

Quote from @Patricia Perdomo: "I saw a rotten apple at the grocery store for $1.