Every day for weeksI'm not recommending this for anyone, but I would stop at obviously abandoned properties that had potential and wander around, looking in windows and sometimes going into the house - through an 'unlocked' rear door of course :-)Sometimes the windows are boarded up and you cannot get a view of the inside....then it's just your knowledge and your gut once again.Go to the County and look up the owner....send them a nice letter....even make a dollar offer if you feel so inclined. 1 in 10 might respond.This is the way to find deals with a lot of equity potential IMHO. 

Look out for potential issues like plumbing, electrical, roofing, and foundation problems.

The best exit for many SFR aggregators is adding to MLS, for potential purchase by owner occupants. - M&A opportunity is currently turbo-charged in our space.- Many sellers of portfolios have been more moms and pops and smaller mom and pop owners are still bringing their smaller portfolios to market. - Current inventory we’re seeing is not coming from foreclosures.

.), would you take the risk to buy it with under market price (knowing that the existing tenant can live there for another 20+ years?)

Looking at two potential ways to buy real estate for long term hold rental. property A assume the loan on a property with no equity at 6% interest rate.

For commercial spaces - I prioritize a long term / cheaper tenant over a high rent with the potential for vacancy. 

See below for the numbers:Home Market Value: ~525kLoan Balance: ~476kEquity: ~50kMortgage Payment: $2570Rent Price: $2650Property Manager: 10% (potentially 7% w/military discount from a referral I got)Cashflow: $-185/month, $-2,220/yr1st year Equity Payoff from tenant: $11,561It's a 4 bed, 3.5 bath home built in 2011 that only requires some new paint to be rent ready.

You need to compare your cost of living, and overall personal cashflow each money with your current situation vs. this potential new acquisition.

You might also meet someone that could be a potential business partner.

To all my creative finance aficionados, I have a situation...I have a potential off-market deal in my hometown of Pittsburgh.