I am trying to push forward with getting my first real deal under contract but my 5-5 keeps me tied up a lot but I’m still digging.

The price, no taxes, quality of life is hard to beat in our little area of Clark County if you are digging the PNW.

For someone unaware at the time, all they needed to do was take a peek at the local case-schiller home price indices and those red flags should have tipped them off to start digging around to find out where we were in the market cycle, and what were the well advertised risks.For those who unfortunately bought during that time, the best protection was to go easy on the leverage, make sure the property cash flows, and to have cash reserves.For those who didn't get sucked in, 09-12 was a absolute gold mine for most asset classes, the likes of which we shouldn't reasonably expect again as a jumping off point in our adult lifetimes.  

:Wake up homie .. your getting $;:wed I dig your candor

In speaking more in depth to my friend about this, he mentioned that the number per sq ft simply gives him a ballpark to determine if he's willing to dig deeper into a property or not.

They are out there, just have to do some digging to find the legitimate ones. 

I understand this is unlikely according to other posts in the forums concerning the subject, but I would love to hear ideas on how you guys would dig yourself out or prep beforehand to avoid the situation altogether.These are the options I assume would be possible:1.

You'll be building equity and can presumably raise rents as you improve the property.I'd be a little careful on that sewer main replacement issue, too...those can get a little hairy having to dig up yards and streets and whatnot, depending on how extensive it is. 

We been back & forth for 4 months about this deal that ended up not really being a deal once you dig inside And Do all of the due dills 

Much appreciated - I'll dig into your recommendations accordingly!