Maybe you've found a gem that was way under-priced, picking up a $300k property for $240k, but that seems very unlikely. 

I have no doubt you'll make it happen.Sometimes there are gems hiding in plain sight.

In my market here in the Chicago suburbs, there are a lot of "vintage" units so using a nice greige paint and some modern flooring can go a long way.

LOVE Mammoth and the surrounding gem's! 

@David S. and @Dustin Beam thanks for clarifying the formula - started to run those numbers but they don't look great when you own a property outright@Michael Noto yeah, we bought at a good time - found a gem of a neighborhood right before the values started to rebound 

Jay Price at Mike Thomas Realtors is a gem for investors, highly recommend him for all Fort Wayne real estate, whether you're looking for a home to live in or invest in.

If you are a student of the market, you'll recognize these "gems in the rough" quickly and can pounce on them before anyone else.

I would suggest Anson Young’s “Finding and Funding Great Deals” it really is a gem of a book when trying to learn how to find the deals you want.

Its going to be like digging for treasure going through all the gems on the forums, podcasts, and past webinars. 

I did that for a week or so... with not so good results.. but I also found a few gems !!