If the prices work where you are, I think with your experience, you could go right into a four-plex and do fine, especially if it was light to moderate value-add because of your knowledge and connections.

Hey All our next REI meetup will be on December 1st in Pocono Lake, DM for more info (previous email with link was removed by moderator) 

A common rule of thumb is around $30 to $60 per square foot for light to moderate renovations.

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If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

If you only grab one a year...it won't take you long to have your moderate living expenses covered fully. 

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Light to moderate. 

For my answer, I'll assume it took years to save up the $80k, income is "normal" (meaning you are not making $500k+/yr), and you are moderately risk adverse.If those are correct, then first off I would not spend all the money.

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