I'm about to put an offer on a MF in Rensselaer and will definitely be needing a handyworker & painter for some light cosmetic work.

A single family house with a small HOA can still present a lot of risk, so tread lightly. 

Painting has started on the interior (Benjamin Moore - Smoke Embers in case you were curious), as has flooring and lighting.

However, be cautious about focusing solely on low prices.

Choose a multifamily or single-family investment approach, consider low cash flow priority, and monitor interest rates and seasonal timing.

This seems unrealistically low for a 40 unit property.

@Rafael Ramos All your goals contradict each other:(1) Cashflow: buy Class C & D properties2) Appreciation: buy Class A & B properties3) Low Crime: buy Class A & B properties4) Why would you want your investments to lose money to lower your taxes?

On paper, it looked brilliant..cheap money, quick turnaround, and a profit projection that made his eyes light up.It taught me that the real risk isn’t just the cost of capital, it’s the predictabilty of your exit strategy.

One fast way to generate cash flow is to invest in high cash flow, low appreciation markets (say several midwest e.g.

Market:I’m looking for although not sure what would be the best neighborhoods:Properties priced around $150,000 or less.Areas with low vacancy and crime rates.Neighborhoods where rent prices are stable or increasing.I'm mainly looking for properties which are tenant occupied.