In those days it was possible to locate and tie up a “killer” deal, and close the transaction with absolutely zero of the investors own money.

Haha, I don't precisely know how to explain it, but I value it when people disagree with me and point out things that I may not have considered or may not know.

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

Timing and location critical Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Where better than Richmond, VA, a promising location for such an endeavor?

Quote from @Ven Bud: After hearing to lot of bp episodes on negative cash flow, I have a question.I am currently living in my primary residence and planning to purchase an investment property, and obviously it is going to be a negative cashflow (bay area), but I am of the opinion that as long as the rent on the investment property is atleast going to be greater than my current primary residence mortgage it can still considered as positive cash flow investment.The investment property is going to be in a much better location (for office commute, bay area proximity) than my primary residence.

I’d love to hear your thoughts and advice on this Team,more information here....Property Location: South FloridaRent 1 unit $1500Rent 2 unit $1200ARV: $500kPurchase price $380-385k. 

Below is some copy & paste info about our methodology:----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Opportunity in fantastic location How did you find this deal and how did you negotiate it?

I would study the listings from the top performing rentals in your area to see how they are overcoming any challenges with location.