I think what I failed to mention is that in its present condition my condo is in as good of condition as the one that just sold for $83k, so to me, that's $10k of "equity"...by definition if you buy any real estate at market value you start with negative equity (due to transactional costs to sell/liquidate the investment), so even if I just broke even if I had to resell, I view that as still having equity given that fact (not sure how others view that).

As such, that can be a convenient lead source for you if you take a longer term view on it.    

Even before putting the numbers in the spreadsheet I have a good feeling about the properties and I am on the phone with my agent trying to schedule a viewing and put an offer.Step 5: Schedule In-Person Viewing: At this stage everything checks out and I am just making sure the property has good bones etc.

I’ve only viewed pictures.

It's changing the way I view "conventional wisdom".

The place seems to be in very good condition, one side is rented so we couldn't view it but we would do an inspection before signing anyway.  

If you determine that it's a good, motivated lead set up an appointment to view the property.

I'm finding properties on my own and merely using the agent/broker to view it when I can't reach the seller's agent on my own.

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We viewed a property listed on MLS yesterday that I'd be very interested in - but for the right price.