Let's talk,DanIve actually been looking into buying a condo myself as an investment, I have a few rules, needs to be with both good hoa management & relatively cheap fee (bellow $600 a month) needs to be in area where I’m not competing against other new construction apartments, needs to be an area where even townhomes are so expensive you are not competing, I.e. upper nw, nova, Bethesda etc. needs to be 1990’s or newer in most cases.

Two of the biggest challenges I face are that I’m not very liquid at the moment, and the Seattle area is extremely expensive.

Last August a decent pre-foreclosure opportunity came available on the MLS and my agent took us to see the home and submitted two offers below asking that were too low for the seller at the time.Apparently the seller was able to avoid foreclosure and the home delisted after it didn’t sale.

My opinion doesn't change, this could be a very expensive ommission.  

In the area I lived the properties were too expensive (Watsonville CA) so I began doing farther searches out of my area.

:We use the cheapest ones that they provide at Lowe's, our handyman installs.

Occasionally I'll see properties coming on the market where the seller has a VA loan with a low interest rate.  

Low value markets might be Pennies on the dollar like you allude to. 

Coffered ceilings, low corner additions etc.Anyone can slap lipstick on a pig, looking for high value add in high demand markets is where the $ is.

They are really changing the shape of the city and it may become incredibly expensive to buy out there soon due to lack of housing.