The risk is higher but if you do your due diligence, can often find that diamond in the rough.  

This is primarily an appreciation market, but you can still find diamonds in the rough if you search well enough.

If your lender is not really a lender, but is really a passive investor entitled to receive profits (rather than just interest on a promissory note) they would be the diamond shape on the org chart--the non-managing member (investor).

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.