I thought I had a little gem, but my mentor said it was a cash only deal and the only way I could think to identify that is by it being a REO?

@Giovanni Isaksen hit it right on the head.

In fact the numbers in Gilroy, which has a lower entry point are terribile even for multis, unless you find a true gem.

Originally posted by @Giovannie Dixon:Hey Will really liked this post and I had a few questions.

But I think the biggest learning lesson is finding your own gems out there. 

For those who have an eye to judge the full condition of a house by looking a the exterior, you improve your odds of finding a gem. 

But don't expect to find may gems there. 

It is possible to find a gem though that is located well, I should keep looking. :)  Now, my Zillow save homes is full of properties that are also closer to $80k - $100k, and I am looking in neighborhoods where there are zero shootings.

Scrapped together $15k in about four months for a DP on a house that was an absolute cashflow gem (finding it was lucky, but to get so lucky, we had to hustle).I feel like I can look at most people and say, "Ah!

Hey y'all, I purchased this gem recently and decided to post it here as a diary, both to share my experience with the community and to more selfishly use it as a learning tool to help improve my business.