Sorry to be so blunt and weary, but I work with bank REO's and they have limited inventory and you happen to find two so called diamonds in the rough and pass them up or and mention there still available.

Start with a competent broker, someone who can see a diamond in the rough and know that your end game is to buy and sell.

I target C- to B- areas, and look for the Diamond in the rough, an opportunity that I can force equity via rehabbing, then lift and improve the rents in areas near to Down Town on cities that are growing.Buy small at first, i.e.

You just missed the Black Diamond meeting in Waltham this past Tuesday, but should try to go to that one next month.  

Diamond shaped objects dont fit into square holes,,,,dont ask me how I know this!!!

This Homewood diamond in the rough was purchased for $105k, renovated for $40k, and resold for $195.

He provides great tips and strategies for market analysis and how to find undervalued deals.He stresses the idea of looking for diamonds in the rough where the property is undervalued or the operations aren’t getting as much money out of the place as they could.This book gave an invaluable 'big picture' view of real estate investing that I believe all new investors would benefit from.It's not a shock that 4 of my 5 recommended books for new investors have been published by BiggerPockets.

If you want to succeed you need to move out of your denial stage and realise that selling is the right and only option if you plan on moving forward.You can polish a turd until it shines like a diamond but it will always be a turd.

You may even want to provide them with an inventory/list of what you're proposing to dispose of, and take photos, so they can't say you didn't warn them (and they can't come back and say "By the way, what did you do with Grandma's seven-carat diamond ring"?).

Not getting a great return but it's still about $300 in my pocket per month after all expenses.My second home I purchased out there was a diamond in the rough that has recently been remodeled.