Interesting, Darren, my definition is very close to yours, but I'd say there is another important element, the quality of the information given.To me, the derogatory use of the term is applied to those that add fluff, exaggerations, aspects that while may be technically correct but are highly improbable to replicate or simply put out bad advice with no consideration to ethical issues.I make that distinction because, some professor in some university teaching a real estate course or some instructor in a state approved real estate school for agents isn't a guru, they are teachers and instructors.The difference in being a non-guru teacher is two fold, 1. the materials taught are compliant with rules, regulations, laws, accepted in practice and are based in sound applications of the business; and 2. they are qualified by education and experience, by education that has some professional level that is determined by proof of their mastering a level of knowledge, testing and degrees earned or certifications by proper authorities in the industry or academia.

So a great place is to look around the blogs, forums and listen to the podcasts for different niches.

Probate can be an awesome niche but it takes a little time due to the sensitivity of the matter and sometimes the difficulty getting in touch with the personal representative.

Okay, so it sounds like I am trying to make it more complicated than it is (Obviously all the technicalities are complicated, but the general idea is basic).

If you wanted to get more technical you could research homicide statistics in your county.

Rural is a niche market.

The property itself is in good condition; new roof 3 yrs ago, 3 phase elec, solid HVAC, 16ft drive thru, 2 roll ups, 2 docks. needs no current upgrades(technically, everything except roof, structure and parking lot is tenants responsibility). 

He'd have to demo the sheetrock, put up water proof cement board, and install about 140 sqft of 12x24 tile and frame out 2 stainless steel wall niches.

I have decided to niche down to just focus on creative finance (subject to, seller finance).

Im not exactly sure what I want my "niche" to be yet so I'm in the learning phase.