If your landlord is making good money off the place you'll have to come with a deal sweet enough to remove that income from his portfolio.  

You could also go to the local REI club and see if there is an investor that may work with you for a reduced commission or some such sweet deal.

We're in escrow right now with a BP investor, and I found them a sweet deal (if I do say so).

Well its been 6 months later and I am now in contract on a sweet 4plex and expect to close in 8 days. this will cash flow $700 a month now and once rents are increased in 60 day i will be at $980. 

But, i think if you could find a sweet spot between 200-300k in the outside areas of Austin any house would sell like hotcakes...Anywhere central is out of the question.

My sweet spot is 47th st and west in the 3000-4400 blocks.

@Barry Ratliff - I'm in small-town rural TN, and my sweet spot is similar to yours.

I have seen to many sweet pits turn and bite and when they do its major damage usually to a child.. of all the dogs I have owned over the years my biggest bitter is our Chiuahua CUJO he was a terror ( rest in peace ).. followed by my golden.. my shepard bite once but that was an intruder who came in uninvited then ran out when he saw the dog and got bit in the @$$  ..

Ok sweet!

Some funds, like ours, allow investors to blend COC class of shares and higher IRR class of shares to hit the sweet spot for our investors, so those that value higher COC can do so or if you value higher IRR then you can do that.