This opportunity doesn’t occur frequently but it takes these attributes to take advantage when they do.3 - Blind luck - do enough deals, the unique opportunity tends to present itself.  

@Rachelle BertumenI live in the Lake Tahoe basin and there are still good opportunities in the area.

These features can work well for both rental income and eventual flip opportunities when property values appreciate.For 73128, its proximity to Will Rogers World Airport and industrial hubs can attract tenants working in logistics and related industries.

hihi :) Thanks for your thoughts Jaycee, Not sure I would call it a cash cow but I did think it was providing a opportunity.

You can identify good cash flow opportunities on a fairly large scale. 

Starting with remote investing, like in Charlotte, can be an option, but it might be worth exploring local opportunities in Orange County too.

I thought I could take this opportunity and learn from it without having to buy property.

Not even one good investment opportunity over there!

Sounds like a pretty easy way to get in over my head fast, but at the same time, it seems like an opportunity to pick up a property WAY under market value and there theoretically should still be plenty of meat on the bone.

So, working hourly for successful RE broker or a PMC will be your best opportunities.