I, for instance, look for properties that are 1970 vintage and newer, because older properties tend to have higher CapEx.

@Christian HutchinsonThanks Christian, getting harder to find the gems as market starts hotting up

Kristi's a gem/diamond... thorough and she's down to earth.

That said, I believe in every real estate transaction there are a few gems you can learn and the nugget  I got from this deal was the importance of specializing in a key market or area where you invest or buy property.

If your dead set to enter this price point I would suggest you only do that if you can buy 10 to 20 of them very quickly so you can get set up and when you have a bummer it does not take down your whole investment.And remember its 1k each time you fly out to look at your gem... so your cash flow just went to 200 a month... travel to the markets for whatever reason folks don't put that into their expense category ... where it should go.

I have served the PAY RENT OR VACATE notice and sat down with an attorney today to serve the official eviction to this gem of a person.    

People who can't afford the Heights look in this area.All work was permitted and from a process vantage point I own a company that specializes in what we call "Vintage Renovations" within the 610 Loop.

From that I became pretty good at filtering inbound requests. 95% of advice I got was pretty worthless, but 5% were absolute gems.

I would love to see some pictures of this place as it sounds like a gem in the rough.

i couldn't agree more.Hey Martha Chavarria, thanks for the greeting. what college did you attend. i went to SUNY Canton for 2 year (about 5 mins from the canadian boarder, so i know a thing or two about COLD winters lol) Glad to hear my story was inspiring. i have learned everything from this community by just lurking and reading on my spare time. if i can do it anyone can. i will keep everyone updated on my next purchase as soon as i find that gem!