The challenge is finding a realtor to work with that understands what you are looking for and is proactive in finding that diamond in the rough for me (you).Although I always like to buy at a discount I am more concerned about how the property cash flows, not to say that i'm not looking for discounted properties but my number one goal is good long term cash flow.There are a number of great episodes on the BP podcast that interview multi-family investors, I recommed checking out the BP podcast if you have not already done so.Cheers,Rob

Most loans are not assumable, this will be a diamond in the rough.

@Miljan Vukovic David Lemley with Diamond real estate Inc.

NHREIA, NewEnglandREIA, MassRealEstate.net, BostonAREIA, and my own Black Diamond. 

If I decide to replace them I was thinking of buying the Lowes white Diamond cabinets .

Add in Dell Diamond, a water park, and better than average shopping, and it becomes that much better.

I had an idea the other day, and I was just trying to touch base to see how other people feel about it, basically it entails, having a friend or partner low ball a property harshly that way when you give your offer (which is still a bit low) it seems like a diamond in the rough, any thoughts?

I would also recommend choosing 1-2 REIAs a month and start attending them.Some good ones are @Ann Bellamy and @Nick Aalerud's Black Diamond meet-up in Waltham/Worcester.  

I tried to use my Corvette and a diamond as collateral instead of the properties since that would cost me less.

I always use this analogy: would you tell a beginner skier who has zero experience to ski a double black diamond (the most advanced terrain) for their first run?