What type of properties are you seeking, 2-4 MF, or 5+ MF?

My husband is a contractor and that made things so much better when assessing properties.

In your case it sounds like your short term goal is to acquire your first property. 

I purchased flood insurance on a Zone A property in July this past year on a house that had previously flooded. 

@Daniel GrantzRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

@Jason Munns, are you looking to buy investment properties in the U.S. or Canada?

Building a strong team (agent, contractor, lender, property manager) is key—seek referrals from experienced investors.

Inheriting it is the best option tax wise- because it gives you a step up in basis to the property's value on that date. 

I would suggest look for a property management company to manage the property for you and slowly increase the rent yearly before selling.

Does anyone have strategy recommendations for purchasing multi-family properties with zero-low downpayments?