Seeking Small Multi-Family under $180K

[Montoya Lashley]

Hello BP,

I'm a new investor currently trying to get that first deal under my belt. However, I've been having trouble finding what I'm looking for on the MLS. Does anyone know how probable it would be to find an updated small multi-family (preferably a 3-unit or 4-unit) that is fully tenanted through yellow letter marketing in Chicago or surrounding suburbs for $180K or less? I've recently considered trying yellow letters but I'm not too sure I'd have much luck there with motivated sellers as it seems a great majority of motivated sellers own distressed properties and the thought of trying a fix and hold on my first deal scares me a bit. How and where did some of you all find your first deals without putting in any rehab or renovation work? I appreciate any feedback.

Thanks!