Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Hi,How do you find properties that are below the market value? 

I just heard Kathy Fetke's podcast discussing the new Fannie Mae loan program for Workforce Housing which seems to be a loan that is subordinate to a primary loan and originated if certain criteria are met and maintain, mainly keeping rents below area average. 

Below is a link to basic info from the city site: https://city.milwaukee.gov/DistrictSevenCLO/Landlo...

I’ve got a waterfront land I’ve listed for below it’s tax value because while homes in the community are moving land isn’t.

Below are a few more thoughts on pros/cons.Pros: If you're new to real estate in general, you'll learn the mechanics of RE transactions, the governing laws and the key participants and services that support a transaction.You will interact with other realtors that may help accelerate your understanding of the market values and dynamics you're working in. 

The link below has a link to the City's info bulletin about these plan requirements.https://www.sandiego.gov/sites/default/files/dsdib...The City doesn't provide water/sewer or any ROW improvements for residents unless it is due to a failure or damage.

The current rent is below the market average.

When it comes to negotiating directly with the seller you have to try your best to be educated and not have an offer come across as “disrespectful” that being said there may have to be a lot of dialogue about the property before you throw out an offer $140K below market.

Take a look at some photos below to see some of the things you should be prepared for if you engage in investing in these blighted areas.