Plus different people look at properties differently and someone might pull up a gem that someone else just didn't "see."

I wouldn't say that spending precious life time to drive around to get lucky is a strategy I use anymore, since the competition uses faster, better and cheaper tools and will pick up that gem way before you see it.

Here is a BP Blog Post I wrote about the Memphis, TN market you may find helpful though written with multifamily in mind, most of the remarks apply to single family as well: Best Multifamily Markets and Hidden Gems

I have no advice to give, but there are definitely a lot of gems in this post!

Thanks again for that gem.

No need for expensive vintage furniture or anything like that. 

To find the perfect deal for you might take some time so I would start looking and continue to stack you money so maybe by the time you find the gem you will have more towards 15K etc for your total expenses.

This is a GEM. 

Vintage garden tools.

This site is a gem and I'm thankful for all of the members who've shared their knowledge and experience to help out the community.