The 'diamonds' that are listed for $30-60k that were numerous back 2-5 years ago (over supply of foreclosures, etc) are really not there anymore. 

@Alexis Munoz, With the current conditions of the market, hitting 50k for under 200k in Nashville would be a diamond in the rough.

Looks like you have found a diamond in the rough

Search black Diamond investments or Philip Placencia on FB. 

You expect her to find this diamond in the rough in an hot area, in an over-inflated market.Purple squirrels not being found, she is just sending you every squirrel that comes across her path.

The Coffee by Design on Diamond street used to have a room that they let people do meetings in.

It's also a relatively simple strategy with fewer "moving pieces" than more advanced strategies like flipping--and this is important.As I always say: if you're a beginner skier, you wouldn't try to do a double-black diamond for your first run (if you're smart)...instead, you'd start off on beginner terrain so that you actually have a chance of success--and then, you'd gradually build up to more advanced terrain as you improve.

@Derek Diamond, @Robert Herrera Rental prices have been rising in Salida, but are not keeping up with the value of real estate.

Purchase price: $399,000 Cash invested: $30,000 A 'Diamond in the Valley'.

I just want people to go into these things with eyes wide open and ask lot's of questions.Some turn key companies keep the diamonds ( with profits from selling marginal property to others) and sell the duds to build their own portfolio of success quickly but leave a path of total carnage on the backs of others.I don't invest in SFR but if I did I would buy in high quality areas.