They are inexpensive, they usually come with mineral rights (big plus in Texas), they typically have short redemption periods, low rehab costs, and sell quickly at the right price; they also have large ROI. 

The only people who succeed at birddogging are the ones who learn everything they can and know it's going to be a low-paid slog so they do the work hard and one day it changes because you have earned more.

At 1.98M and 32 units, that is a fairly low price per door. 

The net result is basically the same, but it keeps the two properties separate from a lenders perspective.Any low down payment money, particularly on an investment property, is going to come from a private money lender.  

We will be adding a day light basement to their Studio House plan to capture views of the lake we are building on.

AlabamaAlabama residents enjoy a low cost of living and a thriving economy.

Look for properties with low taxes, separate utilities, strong demand, and potential for rent increases.

This would also allow me to keep my primary at a low rate loan. 

But we moved out the low rent tenants and after the rehab we filled all units with market rent tenants.

In multifamily here in Reno, NV (just over the hill), we have seen some great deals with higher cap rates for buyers, but also very low cap rates on some renovated, turn key inventory.