(Thought I was building a new relationship here)  So how did I lose money you wonder. 

There are historic parts of Irvington that can create a pain dealing with the historic society.  

By developing relationships with other investors who are doing the types of deals that I want to do, I get visibility of the opportunities.

Real Estate investing is a relationship business, first and foremost.

This is the perfect place to build relationships with investors.Rashad

I'm a investor and resident of DeLandhope in the near future we can build a working relationship.

You need to find a way to become an insider.Your referral source already has established relationships with real estate industry professionals, perhaps thru legal groups; perhaps thru social networks and affiliation. 

So I meet them and develop a relationship then present my offer and explain why it's so low.

It's not such a big deal until the water is rising quickly and you are cursing the day you chose to take the advice of an internet message board instead of purchasing the flood insurance and your years of cash flow are about to go poof...or glurg glurg...as it were.The FEMA maps are based on probabilities, not on the anecdotal evidence of elderly citizens or even if a flood has historically occurred in a certain time frame.  100 year flood = 1% chance of that area being flooded.  500 year flood = 0.2% chance of that area being flooded.As with any insurance you can forego it and save a few bucks and you win!!...

Invest where demand is going not Detroit's historical past.