It seems a recurring theme that networking is key to finding deals outside the MLS among those listed by @Ronald Allen Barney I've heard RE bloggers, those with website bios, those participating in forums such as this, and in person discussions as being ways in which people get to know you and begin to develop a sense of who you are, so later they may think of you when something comes across their desk.

There are of course resales in the same areas near the theme parks that do very well also.

Below is a chart showing the average reclassification percentages by property type.Apartment Building - 20-40%Conference Center - 25-35%Fitness Center - 22-45%Assisted Living Facility - 22-45%Golf Course - 28-60%Theme Park - 16-22%Grocery Store - 20-45%Hospital - 28-40%Auto-Car Dealership - 29-35%Hotels - 20-40%Research Facility - 22-45%Manufacturing - 20-40%Warehouse - 20-30%Medical Office/Clinic - 22-35%Resort - 25-45%Mixed Use - 20-40%Leasehold Improvements - 20-80%Office Building - 20-30%Retail Strip Mall - 18-40%Winery - 18-25%Restaurant - 20-80%Bank - 30-45%Are there any other types of properties you would like more information on?

It is exciting, especially in a bad part of town....adds to the mystery and suspense...and you get to carry a gun in your truck every day... :-)But seriously, if you are not an experienced builder or have some decent skills, you will be eaten alive by a project like this.

This is a fairly common theme in these groups, GC is bad, doesn’t show up, goes bad etc, and the investor is stuck with unfinished projects in various stages.

This has worked out great since we can also apply our knowledge of the vacation rental industry and what works best once we are booking the home (themed bedrooms, game room, best bedding configuration and much more).

Purchase price: $960,000 Cash invested: $192,000 Short term rental property, 15 bedrooms 10 minutes from Disney with themed bedrooms and game room.

Now looking back, I kind of want to get a few STRs near Medical Center (yes I know that’s gonna be tough) and theme them out.

The theme here for most people seems to be let it go and focus your efforts on other things but there are plenty of people that post that this worked out, sometimes several years later when the ex tenant is trying to clear their credit to buy a home. 

@Eric JansonThis is one of a number of strategies in which the underlying theme is to sell, rent or lease the property for more than market value, or more precisely more than cash market value, by utilizing “no qualifying” or “alt qualifying”financing.