I really enjoy the TBP but I found a UK based equivalent to them : The Property Hub http://thepropertyhub.net/forum/search/They have property meet ups all across the UK but not one yet in Ireland so you can start one yourself!

Its a big gamble, and one the note seller is obviously not willing to take to potentially earn a meager $5k more.

This is a gamble in regards to appreciation. 

on one of your post a reply came back that your comparing oranges to Iceberg lettuce and for sure you are when you compare vegas and Memphis.What caused the meltdown in Vegas and PhX  @David Faulkner  well I can tell youVegas relys on gambling and tourism in the crash any tourist city and gambling city got hurtand then for rentals  what killed that market and phx is that a very large portion of your renters were in the building trades subcontractors laborers etc etc.. building came to a complete STOP.. those thousands upon thousands of jobs left.. and most of those folks rented.Memphis is a rental city and has basically always been one with about 50 to 55% of pop are renters.

I am new to finding flips and have really enjoyed the Bigger Pockets site.

However, if somehow you do get the opportunity keep in mind that if you are caught committing insurance fraud in Illinois of between 300 and 10k you will get to enjoy a minimum two year sentence in prison. 

I really enjoying Bigger Pockets and the wealth of information and help on here.

I lived there for many years and enjoyed it.  

That being said, no one knows where the line will be drawn with gentrification, so it's a gamble either way.

I'd never invest for the potential of appreciation alone, it's a silly gamble.