Purchase price: $1,000 Cash invested: $1,000 Sale price: $4,500 Wrote letter to off market property land owners.

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

Most markets the physical vacancy is 5-10%, good chance you can find it by googling and seeing what the average is.

Purchased under market value, then rehabed myself with sweat (i am not the most talented DIY guy haha) What was the outcome?

What market did you buy this property? 

They sent a very professional slide pitch deck that showed all of their justifications around that specific market, e.g. employment market, housing shortage data, the new developments in the area, the air bnb data, etc. etc.They also stated the numbers were conservative (7 year to reach the target returns) and that likely it will be year 4-5.

Purchased under market value, then rehabed myself with sweat (i am not the most talented DIY guy haha) What was the outcome?

When were are in a hot market we require a previewing questionnaire with 5 questions based around the application process - credit, income, pets, etc.

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

Now it's a long term rental with under market rent which still nets 40% annual cash on cash return.