While a substantial profit can be made purchasing below “market price” these types transactions deals are a rarity.  

I find properties below market value that cash flow.

These costs for most of the individuals are considered personal in nature (unless you have a RE portfolio that is run like a business; see below).

They expect us to replace lightbulbs, won't change furnace filters and we also have lawn maintenance issues with them.

I lived well below my means, worked a full time job for years while doing this on the side, persisted when others did not... and now I am enjoying the fruits of my labor.  

If you get a quote significantly below the numbers above you need to ensure that the contractor will actually execute the work and perform it to the required standard. 

I'd lower the price slightly below your competition and get real reviews.Be customer focused.

Qualified applicants that get priced out of rapidly improving neighborhoods will move into these areas but it seems like they aren’t biting.High quality, lower income applicants aren’t stupid and they won’t settle.If you think this area is a losing proposition, I would think about selling and not banking on hope.In regard to vacancy, I don’t consider any area that has average occupancy (economic and physical) below 95%You might pay more for a better area but time will treat you right and you’ll make a ton of money in equity over the long term.

Loan To Value (LTV) will be lower than it would be as a US citizen.

Even when we manage to reach a working voicemail,owners often assume we are just another "we buy land" serviceoffering far below market value.Given thesechallenges, we are eager to learn the most effective strategies for locatingpotential sellers and establishing a professional, trustworthy connection thatencourages serious consideration of our offers.Telephone/voicemail is informal, hence casual, hence “we aren’t putting much effort into this.”