Buying a home for 40k or less where would you buy!!!??

[Rito Altamirano]

as title says!! If you were on the market to buy a home for 40k or less where would you buy and why!?

1. Where would you buy for buy and hold? 

2.where would you buy for rehab and flip. 

Reason i ask is i just watched a episode of the podcast videos and a guy i believe in wisconsin is purchasing 25k 30k 40k on multi family some with long term tenants in place etc. 

I have a couple thousand now but hopefully within the next 6 months ill be at my goal of 30k im looking to either buy a nice multifamily rental or cheap single home flip but not here in las vegas multi is around 100k duplex up to 350k for fourplex , i would love to partner those funds into a flip as well! 

So anyways if you were to try to fund a purchase for rental or flip with 30 to 40k where would you do it???