I'm sure there are probably a few "diamonds in the rough" that we miss, but thats a chancce we take.

I'd also suggest going to the Black Diamond meeting in Waltham (2nd location in Worcester too) and you could also check out the Boston AREIA in Medford.  

Definitely attend the Black Diamond group that meets in Worcestor and Waltham on alternating months.

If I couldn't pull the funds for a diamond in the rough property quickly enough I would get family members to invest cash into my down payment (of course you need to sign off with the bank as a gift and not a personal loan from family/friends). ...You seem like you have what it takes based on your second response, I would chat with a credit union loan officer, they may give you better insight on the leverage you can do with your first property and once you have the actuals you'll be ready to take action once you come up with another good property to purchase.

Here are 3 in Worcester County:NWCLA - Northern Worcester County Landlord AssociationWorcesterPOA - Worcester Property Owners Assn is part of MassLandlords - 2nd Wed of the month, next is 1/10Black Diamond REI - 3rd Tuesday in alternating months in Worcester, the next is 1/16

Go after those diamonds in the rough.

@Sue HoughSo, no matter how great the diamond is, with it still rough and me not being a diamond miner, it will be impossible to find someone to cut the diamond and sell off the pieces?

You are right it definitely is a sellers market but there are still diamonds in the rough if you are willing to put in some sweat equity

Also, it takes work but you can find some diamonds in the rough.

I have seen a few diamonds in the rough on there.