My favorite to this day - drive up and down every street in the neighborhood and call every single for rent sign in the neighborhood.

I am talking B to C neighborhoods, working class.We find deals weekly with much higher returns, but we choose not to invest in those areas.Hope this helps!

The market is diverse enough to do well on flips, and fantastic for rentals.There are neighborhoods that are severely depressed, so you need to be understand where you are buying.Flipping is primarily a local activity, so you really need to focus on your backyard for that.

Done code enforcer just walks around my neighborhood and decides my house seems fishy?

The man who called was asking if I wanted to do it at the grocery store in the neighborhood where I live, which is not where I market.I'll see if I can get info for the stores in neighborhoods where I market and report back.

You need to find yourself a VERY good property management company that has experience dealing with the headaches and issues that come with houses in those kinds of neighborhoods.

This sounds to me like a normal deal in lots of the "up and coming" dc neighborhoods like Columbia Heights (full disclosure this is where my house is), H st, Adams Morgan (although I think we can all agree adams morgan is never going to actually get out of the up and coming phase), etc.TL;DR I would bet this is legit.

It is priced well below current asking prices in the neighborhood - at least $20k - which immediately caught my eye and raised my curiosity.

Most of those houses I have found aren't in the best of neighborhoods.

I think the neighborhood is rougher so that may well explain why no one else has been keen to touch this.