Areas like NE and Uptown are like the hot fashion trend your dad knows about (hint if your dad knows about it you missed the trend), everyone knows they are popular and they are overpriced.

If not any recommendations to acquire 2 multi families in this fashion with fairly no money out of pocket. 

Is the American market unique in having areas with relatively low capital costs but high rents?

Just some old fashion hard work will be necessary.

In this fashion they get their return, and you get to run your property however you see fit.

Hi Everyone,My wife and I are new to American real estate and real estate investing in general.  

More news from Wall Street JOurnal todayWall Street is betting that more well-off Americans will want to be renters.Financiers who loaded up on homes after the housing bust for pennies on the dollar are buying yet more—despite home prices in many markets being at all-time highs.Their wager: High prices, higher mortgage rates and skimpy inventory are making homeownership harder.

I have had numerous issues with the PM not fixing things at all or in a timely fashion.

I can do deals from networking on BP and good old fashioned realtors, no direct mail needed

But my loathing for institutions like Deutschbank, BNP, Société Générale, Credit Suisse...that's of a different order, because I'm Greek-American.