Other books I've liked - Millionaire Real Estate Investor Think and Grow Rich The Magic of Thinking Big The 4-Hour WorkweekBuy Rent Rehab Refinance Repeat 

Yes, if you buy a new construction home for 240k, it tends to magically happen that the appraisal comes in around 240k.But the reality is that if you're able to buy a property at a discount and add value in some way, you're going to get an appraisal that reflects the actual value.I've been doing this for 10 years.

There is no magic bullet , you could make an educated decision but its just trial and error . 3. 

I post an ad on a few popular sites and magically a renter will apply?  

It doesn't just magically happen. 

They serviced them pre-covid, how will it magically become a collapse today? 

Finally, if you have a WY holding company that owns a Louisiana LLC with property (where charging orders are not the exclusive remedy), that Louisiana LLC does not magically gain an exclusive remedy protection.

Let's assume it magically appraises for $120k as they say....appraisals don't mean a thing if the neighborhood doesn't support it.

As I've come to find out, they aren't just going to magically appear because I want them to...hahaI've heard through the grapevine that a great way to find distressed properties is on the MLS, so I've arranged to meet up with a realtor this week who works with investors I just want to make sure I'm asking the right questions and insuring that my meeting isn't a waste of time for both of us1.

If you have the magic formula by all means, take it on.