All this being said, if you can find a rehab gem or something similar, you can certainly do well.

Great little gem in the South Shore!

#CLEWe see a large influx of West Coast coming to CLE for real estate, we are the last hidden gem in the Mid-West you can still buy in the suburbs under $100K and have a rental ratio that is very favorable.Check us out, come visit, I think you will be impressed with what you see.

Today I can help you get your hands on one of these in the Loop gems that are currently on the market.How about a duplex in Montrose that generates $3100 in rent per month?

Looks like a gem.

I gotta admit, I kind of fell in love with this ugly house and once it gets an addition to solve some of these problems, I think it could be a real gem that buyers fight over.

similar to numerous people John represents, it’s extremely difficult to compete against local people that have all the tools and knowledge unless you have someone right on top of everything.My approach is similar to what Amber said, I look for hidden gems and opportunities to turn something into a cash flow cow that hasn’t been realized.  

Here is a video I put together about "being the MD Doctor with the Home Seller"There are gems in there!

Safer communities and probably some bargain gems in need of some TLC in the better communities.

These are the keywords/special circumstances I use when looking for properties: short sale, bank owned, REO, Estate Sale, Handyman Special, Needs Work, TLC, Motivated Seller, SOLD AS IS"Sold As Is" is usually the worst one though because it pulls up a lot of rehabbed properties that aren't usually deals but I keep it just in case I find that one gem.