I jacked up my leg pretty bad, but I still got honor roll not even going to school or doing any work the last month.

@Eric Schleif You might be seeing 4-4.75% on 8 units in BK, Upper Manhattan and such but that's usually on rent stabilized stuff where a couple of vacancies skyrocket your NOI.

I would like my own home to be an undervalued fixer upper.

Or is it better to purchase properties that are in middle/upper class neighborhoods that will provide poor cash flow and CoCROI, but will most likely appreciate very Well and attract good tenants?

I always have my eye one fixer upper properties that need additional funding so they can be renovated.

Have you done any leg work to that effect? 

I am doing some work in SC.. from my perspective and that is from a West coast investor.. doing these deals in SC is a lot more work .. as title research is not on line like it is here.. so there is a lot of leg work to be done. there is competition in the bigger cities from those that do this.there is also a lot of title issues with owners there... if your buying at foreclosure auction actual courthouse steps.. the mortgage auctions from what I know are pretty much the same as any other area.. the tax auctions though those can get pretty fugly as you can't get title insurance with out quieting the title many times.so on courthouse steps mortgage stales.. junior liens are removed from property..

 $1,650/mo for the studios and $2,400/mo for the 2 bedrooms are pushing the upper bound of the market.  

Even if you're saying the market is so hot that fixer uppers aren't discounted, owner occupied buyers at the top of the market would have to be observing the same phenomenon, not wanting to do the work, and paying a bit extra to avoid taking the time and doing that work.  

What are some ways that you were able to start diversifying your income when you started out, and is there anything specific you would recommend for a college student that would give me the upper hand.