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 am happy to share that I recently came across a solution called Property Llama that is a huge step forward for folks like us..

On the journey, I once sold properties that were 30 minutes away as being too far, and also managed some properties that were 200 miles away. 

I use the property myself, but if I couldn't afford to keep the place vacant all year long I'd have been in trouble. 

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

I am looking at purchasing my first investment property around Q3 of next year.

I might buy 1 property that has cash flow, another that has a great purchase price, another that has great appreciation prospects and yet another with great financing terms. 

Investors can find opportunities in both residential and commercial properties.

Quote from @Peter Dukaj: Troy, Birmingham, and Royal Oak does not compare to vacant Detroit properties Yes, Peter.

Thank you,Phil Don’t have any experience with the mentioned mentors, but I do have 45 years experience in commercial real estate investing.Flipping (wholesaling) commercial properties require the same base of knowledge (real estate principles, real estate law and real estate finance) that is a foundational requirement for flipping residential properties; PLUS, extensive knowledge of the commercial property TYPE one is trying to engage with, and extensive knowledge of the local real estate market for the subject property type.