It's easy, take deep breath, smile and start by driving around neighborhoods and look for vacant houses.

However, due to few resales that are not foreclosures, comparable sales don't allow for the deep equity plays in this market segment.

Bob is looking at jumping deep into the world of real estate investing.

Hi @Catherine Moran ,To answer yours and @Kenneth Cowan 's inquiry regarding 203k in the city, I'm shoulder deep in my rehab now that I closed on in February and @Brie Schmidt was actually my realtor.

If you want to whole sale it is it a deep enough discount for a flipper?

Don't have to tell me but you do have to know deep inside! 

Tony, Cole outlines some pros and cons... personally, if you have tested the politics (which I have seen run from relative peace and cooperation to outright bickering, even lawsuits, etc.) and it looks like it may be a long term stressor and source of friction, you might look elsewhere if the issues look too deep seated (remember, some of the problematic people may not be moving any time soon)..There is probably going to some level of differences of opinion (it is like a mini-democracy).

Then it began to change at some point years in, to a no worries approach, and even a firm acceptance and confidence that I had a very strong product and, barring an local economic collapse, I will have far more qualified applicants than units every time...Plus, I now look forward to getting in to survey and improve units, hardening them, and a chance to do the painting, deep cleaning, and into all the nooks and crannies, and wear points, with no people, pets, permission.

They tell you what you want to hear just to get you committed and then include astronomical fees when you're already in too deep.

The best strategy - look hard, dig deep and have a great team looking for the next property.