As an investor in a market where cash flow does not come often and appreciation is a bigger play, I understand your mindset. 

I am in a completely different market than you I would love to connect and exchange ideas. 

Nick,Between Dayton and Middletown those are two great spots to buy a 2-4 unit in as an investment rental.

On most small MF that get listed for sale, the owner lost interest years ago and management attention is in a steady decline until something triggers the sale.

deposited in a demand deposit account?  

As long as you're not in a rush, we always recommend spending some time asking questions of DSCR lenders you might be looking at.

Because intrastate (single state) offerings must still comply with that state’s securities laws, and because with the internet its difficult for offerings of any size to be limited to investors residing in a single state, the exemption for private placements is the exemption from registration most often used. 

We work with an agent who specializes in leases and let her know of the properties we have available for MTR and she brings in a few reservations every year. 

If possible, you may want to learn in a place where you don't need to spend $750k on a fixer. 

I’m in a similar position with similar goals.