If you haven't found the right deal yet, you need to expand your search area, and/or look for more distressed properties.

Try to arrange a face to face meeting with the owner.Of course, none of this tells you how distressed/motivated the seller is.

Hello, I am seeing some distressed properties being scheduled for auction at low(for NYC) prices.

For example, I'm not too sure about how to actually find good deals/distressed properties, and how to actually find appropriate property managers, CPAs, lawyers, etc.I think once I get started and inertia starts to build up, things will make more sense, but it's that first step that I'm finding difficult. 

I am printing letters today to start mailing to homeowners of distressed properties.

I don't see the point in buying a distressed asset with a 20k discount in exchange for 50k worth of work.

out of state investing in a distressed property is possible but very difficult and extremely risky.

Real estate agent transacts mostly retail properties where wholesalers mostly transact distress properties or vacant land.

There are a few note investors on BP including myself that put funds together for the purpose of buying distressed and performing notes in 1st position. 

A lot of overpriced properties whether it is a light value add or even severely distressed.