Sounds like it is a needle in two haystacks in the better locations.

That would be a 50% all-in deal and is a needle in a haystack in this market.$13k (16% of arv) for resale/holding costs is very high for an $80k ARV.

How we buy today is different from how we bought 4 years ago, but one thing is the same - just as ever, we are looking for a needle in a haystack which represents to us an above-average opportunity.

There are quality contractors out there, but finding them is like the needle in the haystack.

The market is tough in Denver which means finding a good deal is like finding a needle in a haystack.... 

In a market like southern California where the cap rates are for the most part under 5% it has been very difficult for me to find any type of MF property that meets the 1% rule (rents being at least 1% of purchase price).Should I just keep looking until I find the needle in the haystack or are there other criteria that is more important when trying to invest in a cash flowing buy and hold investment property? 

The market is sky high most everywhere & deals are like finding a needle in haystack without experience.I would consider looking at Blockchain & crypto with your internet background.

Amit, please keep scaring folks away from MHPs b/c we're buying and they are the golden needle in the haystack!

We've even found reliable agents here on BiggerPockets.We've had success purchasing assets in New York but we only purchase in bulk from larger banks and institutions which usually don't sell individual notes or to individual investors.We've never personally gone through the cold calling banks/credit unions route, I've heard it's not impossible to obtain assets that way but I've also heard it can turn into a bit of a needle in the haystack situation.

Brokers do not want to spend until the end of time looking for a needle in a haystack.