If you are up for it and are good with the boats Ann runs a marvelous event, Black Diamond, that meets tomorrow in Waltham.

Going a little further out if you are willing to drive a little more the Boston Area REIA in Medford is an option as well as the NEREIA in Chelmsford and the Black Diamond meeting in Waltham (2nd location in Worcester).  

Make sure to get out to the Black Diamond meeting in Waltham (2nd location in Worcester) it is a great group to meet people and lots that invest out of state.  

Besides that check out the Black Diamond meeting in Waltham (Which happens to be tomorrow).  

@Steve Babiak have you ever heard about Bob Diamond's paid Tax Overages course?

You'll find this in legal and accounting assessments, you might buy a bag of diamonds, the value is that paid if the sale meet requirements as an arm's length transaction meeting other requirements, not a distressed situation, and that value will be the book value to the buyer for 12 months, then the book value will be changed to its market value.

I just recently moved to San Francisco and was curious with the home prices being so high here, is it better to look at other markets (Atlanta, etc) to invest in or continue to learn the market out here in the bay area and find those diamonds in the rough?

I'd also highly recommend going to the Black Diamond meeting in Waltham (2nd meeting in Worcester), just missed that one on Tuesday but go next month.  

Look up Black Diamond in Worcester or metrowest in Framingham.

Rich also posted that he bought a diamond that appraised at 10 times his purchase price.