Having $2M in diamonds isn’t the same as having $2M in mutual funds which isn’t the same as $2M in income producing real estate.

Heck, I'd be bugging your PM and ask when what else they manage and if there's a few diamonds in there, make an unsolicited offer. 

They want me to be the gatekeeper screening the crud out  to find the diamond quality buyers. 

Diamond Head/Kahala  area: Over 2 1/2 months showing SF house, over 3k sq ft, 16 inquiries, 10 tours, 3 no shows, 3 never arranged a tour. 0 rented.

If this truly is a diamond in the rough, go for it!

Is it better for me to start off on a beginner trail, or should I tie myself at the hip to another beginner and huck both of us off a double black diamond?"

Talk about a diamond in the rough.

You guys have given true diamonds of advice.

That being said, I have heard of people finding "diamonds in the rough" so it is one strategy.We focus on larger multifamily properties and our best resource to date has been by old fashioned calling up brokers in the area we are interested in and building a relationship with them.

It takes a lot of work to find that one diamond in the sand.So far I have keep my target of 3 million per year in deals for the last 3 years.