Not every deal will be a perfect deal, in fact most of them are not, so its best to not be a one-trick pony.

I developed this system myself and perfected it over the years.  

There is also one aimed at agents that sounds like it would be perfect for you. 

@Bryant Grimes The reason I wanted to purchase in an A class neighborhood is I plan on this property being my primary residence at some point in the near future and therefore the added challenge of finding a rental property that made sense from an investment perspective but also one that I would be happy to occupy led me to purchase a property outside of the rules of thumb.I personally believe that changes all the calculations and makes this deal make perfect sense. 

Not sure what's the norm in your market, but some could view it as high if the purchase price is $40k whereas it might be perfectly reasonable on a $500k house.Depends on the investor too. 

Good deals will sell themselves and this is the perfect place to list them and they will go fast.

Hey everyone, After a lengthy search for the perfect clone for myself (see this post if you have no idea what I'm talking about) I'm excited to announce we've officially hired a new content producer for BiggerPockets...

Just because it seems like a bad choice to you doesn't mean t's not the perfect thing for the seller.Final thought... a property with a purchase price this low is probably not going to produce an NOI at 50%.

Now that my children are older i figured now is the perfect time to find out.

In my opinion, the perfect strategy for making solid wealth fast in real estate, is a combination of an active niche (wholesaling, flipping, working as an agent, etc) to build capital, plus BRRR acquisition of cash flowing rentals.