One thing I love about both of the investing methods these two authors advocate is that it is not reliant on finding a one in a thousand deal, uncovering hidden seller motivations, making 100 offers to get one accepted, or a hidden reliance on continual price appreciation.

But, he doesn't have to pay the PM expenses which totally changes the math.We're thinking maybe wait for another unit in this development that hasn't been remodeled so nicely, with a dishwasher, that we could maybe pick up for 30, and put 10 into painting, new floors, etc, and will still rent in the 800's might be a better option?

This is a long article but has some good information.I Accidentally Uncovered a Nationwide Scam on AirbnbI reserved a place through AirBnB last year that also turned out to be a scam.

@Alex Antonov I would be very surprised if you have been able to actually uncover undervalued properties in this current market.

I would look for shingles curling up, shiny shingles, and the path of water to uncover any deferred maintenance.

I was actually improving the area (by fixing up a house that sat vacant for quite a while), the house turned out so nice (too nice - I over-improved it - but that's a whole other story).  

Your job is to uncover anything that could potentially be a liability or cost you money at some point. 

You are going to presumably have an inspection so if there is anything you are missing property condition wise it will be uncovered then.

I’m an investor in Minneapolis but I’ve uncovered a few 30+ unit multi families in Cincinnati and I have interest in Dayton.  

Around here, I would say that nicer properties go via Zillow and the not so nice are wallowing on CL.