After years of banging my head against a wall looking for profitable multifamily deals, I concluded the space was significantly overheated and I branched out into self-storage and mobile home parks. 

G'Day Zach,There will always be great deals in any market as long as you look/work hard enough.For example, we buy various lists like evictions, probate and tax delinquent just to name a few.We offer low, negotiate hard, close with cash and close quickly.This enables us to buy 1 out of let's say 100 for 30 cents on the dollar.As the saying goes "The more mud you throw on the wall, eventually some will stick"Lot's of cold calls and chasing but it's my full time gig and that's what I do 🤷‍♂️I have always believed that "Cash is King" and you don't have it.Wait till you do.Just my 2 cents.As you will see mentioned many times in the forum, Ohio has great cashflow.So does, Michigan and Indiana IMO.You will probably find the most cashflow in these markets and if you look even further within these markets you can snag great deals in tertiary cities of those states.Wishing you much success

This means that the electrical is likely made from copper and is grounded.Running new ground wires and fishing wires behind walls can be very expensive, so having electrical that is similar to today's code is a plusProperties in this era also had ductwork - meaning forced air heating and cooling.

Multis feel more like a house and you have one person living with you (or 2 or 3 depending on duplex, trip, or quad), whereas an apartment complex has more amenities, but people sharing walls everywhere.

Flat white for the trim and navajo white from Sherwin Williams for the walls.

Just be a fly on the wall.

Did not need to replace entire floors, just needed to replace from the nearest wall to that floor with a good contractor.

Typically will cost 2 months of rent for prep as often holes in walls, bedroom doors kicked in, blinds ruined, any appliances will be near-ruined, etc.

There are a lot of things buyers would nick and pick on from what I've seen. 1 the flooring, especially one of the bathrooms, what is that board on the wall behind the door?

Gorbachev "Tear that wall down!"