Assume everyone is throwing you under the bus.  

I will throw my .02 cents in here. 

There is no need to throw the money away until you see you are missing calls.

@Oliver AlfaroAppreciate the names you throw our there, I have been in touch with Mario before and will reach out to Pablo as well - Will let you know how it turns out.

Once you find an outlier, then throw your financing package on top of it.

This is why I posed the question to reach broader audience.  

What I have to throw in is that if you are lowballing then it is definitely a numbers game and one that you have to expect a lot of NO's in. 

Yes the BP podcasts offers us tons of valuable information, but that isnt why the audience is so large.

There is an optimism here that is not entirely pie in the sky, but you have be ready to face a lot of complications in this game.Just this month alone:  mortgage criteria for rehab loans, lots of paperwork, special inspectors, bank appraisals that come in differently than expected, stalled market conditions throwing off sale predictions, financial scrutiny.

In mid-priced areas (not the cheapest, but not nearly the most expensive) I feel like they would attract a slightly more mature, and potentially longer term audience of tenants.