You'd be surprised how effective it is when finding deals.

Most of them believe we haven't seen the full effect of the rate rises yet on prices, so they are all just extremely nervous, since like Mike mentioned, most of them were there during 2008. 

Doing so doesn't seem very cost effective.

In my experience a claim that pays out less than $5k has very little if any effect on a homeowners policy.

Regardless of what the market conditions are, the BRRRR method is an effective way to purchase properties and build wealth.

When people buy something fixed up they effectively loose a slice of the pie.

Hey @Nate Sanow,One of the thing I was curious about is how I could network more effectively.

If you search "Philadelphia Real Estate Investor" or something to that effect there will be several pages that come up with THOUSANDS of members. 

This is not a bad deal you've outlined, but not a good one either.Most seasoned investors look for properties that they can either:1) Get below market price2) Get seller financing3) Can somehow "reposition" via cost-effective improvements for higher rents, or adding a unitWith the market cooling off, you should find more and better deals.

When you understand these and other related items, then you can effectively formulate a strategy.