Must be sweet to have had an extra 150k in the 70s. 

I don't know.I like 1st position notes with a purchase price of $50k-$300k, which is a sweet spot for risk/reward including time spent.

Generally I would like to avoid the worst areas and hopefully find the sweet spot of cash flow, with some upside potential.

Prices are up probably 100% since then but the rent yields are still sweet to me even though they went from $1050 to 750-800 the same time the houses doubled.

MIDDLE (during ownership)- Ensure that your investor relation team (even if it just you) are communicating effectively and not being spammy with your investors' updates (interesting balance) - Keep your "professional" 3rd party property manager (or regional) on their toes by triple-checking your GL frequently and that your PM company is instituting your business plan to a tee because remember your bosses (the investors) are expecting you to deliver, as promised, that 15 or 20% IRR in your fancy webinarBACK END (sale - full cycle)- Exit at a sweet cap or at a higher price so that your investors can get awesome returns so that they not only come back to you but they refer other people to you for your next deal.

If I bought a sweet deal off market it may not matter where it is. at least for a few years.

@Michael Junior I agree with a lot of these guys.Short and sweet, if you ran your numbers and it fits your criteria then overpaying 5k is no big deal in the end.I have done it myself, and asked the same questions.  

It'll all depend on your risk tolerance, time commitment and financial goals.To succeed on this, finding the sweet spot would be key. 

I agree with the others stay away from the hilltop unless you get into a sweet spot like Westgate or Holly Hill.

Now that i have done even more research I am realizing that one of the deals may not be as sweet as i thought.