Instead, as with a lot of south Florida wholesale deals- we ended up replacing and having to fix things that were covered up and two years later she was ready to go.  

In my experience one of my biggest lessons learned when dealing with older properties always expect more than you initially thought. 

Took about half a year to learn how to walk, talk and even eat again, but bounced back to my love for real estate investing and the two things that transitioned me from just wholesaling to actually buying deals as an investor was creative finance and private money.Bought my first rental property in Easley, S.C. owner finance and one of my best rentals I still own today was bought subject-to! 

I finally pulled the trigger on my very first deal.

What made you interested in investing in this type of deal?

As you suggested, meeting with local investors and people in that community can be a huge bonus in terms of building your network and finding deals.

I have 100+ deals under my belt, so not really a beginner.Thanks!

If they take it, make it a deal.  

For a while I looked into medium size deals like 30-50 units in class B neighborhoods, but ultimately could not negotiate a deal to the point where it would have made financial sense.

Dave Meyer shared an informative video today [How to Find Your Perfect First Rental Property (The “Buy Box”)], outlining helpful structure for you to add clarity for your deal.