.), could help you cash-flow while you build equity - best of both worlds.Lastly, targeting properties that have been on the market 30+ days could be a good start.

@Adonis Williams Presumably Vincent has targeted a distressed opportunity.

Sometimes, landlords can find student renters for locations that are further away from the school by targeting niche's like graduate students (who are less inclined to be near the bars and noise).

I never go off of a flat percentage on anything, I analyze the costs to get to a specific return I target and analyze the risk that is involved. 70% may be an initial metric to see if it is even worth pursuing, but every deal should be evaluated independently based on costs, time and risk involved.

The island is not that large so if you target a specific location you like Im sure it wont be too difficult to get to know the ins and outs.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Rock crab for USD $3 per pound. 

We diversify, but because we are active investors, limit our diversification to assets we believe we have a competitive advantage and are able to obtain our targeted “premium” return.  

Even when they miss their targets by 57%, you as an owner have zero recourse.

@Monish Anand My top recommendation is to begin by contacting property management companies in each target area.