Pick a location where you want your portfolio to be, and begin purchasing in that location.

Think about it, if everything was running smooth as ice most folks wouldn't need to pick up the phone & call us.This kind of stuff really needs to be talked about out in the open a lot more then it is.

That helps.I am also assuming that many of these regional/small banks/credit-unions may not have extensive online presence so i have to pick up the phone and do it the old fashioned way (but not 'too' old fashioned way of going there in person...as that would be very hard for me to accomplish for every potential opportunity i find).Originally posted by @Michael Le:You'll likely have better luck with a local-to-property bank as they better understand the local area and market.

Get paid to pick up your skills here, see if you like it- then go knock it out of the park in NC.

Since we don't live in the states, we're trying to get creative with our funding and investment areas but we haven't seemed to pick definitives in either category (although we have been checking out Georgia and Ohio mainly since they seem to be in our budget). 

If you are flipping you can start in a couple different waysOption 1: base ARV off comps, not all multifamilies are created equal and depending on the area and particularly the condition this could lead you astrayOption 2: base ARV off cap rates which will need to be determined after rehab, and then price accordingly.

I should have said "the income the properties generate is insignificant in determining the value of the properties".

Would you alter the underwriting to exclude these homes when determining the value?

Picking up materials at HomeDepot?

You are unable to accurately determine your cash flow and monthly payments based on this information.