My goal with investing is to provide enough supplemental income that I can do freelance programming and be picky about my clients, rather than having to take on bad projects just to make ends meet.My general strategy is to purchase gross looking places (e.g. a C house in a B neighborhood) and fix them up into something a family or young professional would want to live in.

As to finding good real estate deals, I find it in all neighborhoods in Queens,and Brooklyn,  A, B, C neighborhoods.

@Marc Lease  Since I have helped rehab many homes in the area, I believe it is a B grade area.  

I would say Eden Prairie is an A location and Cottage Grove is a B.

I am in a  ? B

I like flip savage because it is no a BS environment. 

This is a "B" rated area, where there are more families than students.

If you have a C Buyer with cash or a no-seasoning loan, then it would go like this:Day 1: C Buyer wires funds into escrow for B-CDay 1: B Buyer wires into escrow for A-BDay 2: A-B recordsDay 3: B-C recordsDay 3 or 4: Disbursements happen on Day 3 or 4, depending on when we get recording confirmation for CThe B Buyer can use their own cash or use Transactional Funding to close.If your C Buyer requires seasoning, this means that he (or more likely, his lender) won't close until you're showing as the owner of record for an X period of time.

. $55k for a 3/2 with current rent of $750 1 year lease in a B- neighborhood in my view is better than $200 a square foot for a 1930’s place in Provo Orem right now.

I know you can use transactional funding to close on the A-B part of a simultaneous close to get the title since you can no longer use the funds from the B-C to close on the A-B part.