It doesn't take long to learn how to spot a good deal.6.

If having roommates is not an option, you could still utilize this strategy with a small multi-family property.Alternatively, a 2BD MTR might be the sweet spot for you. 

"Attractive cap rates and medium to low vacancy" is spot on.

I can't help but think this should have been spotted sooner and I should have been informed by them.

Sorry, VERY wrong again. the most sought after individual's for lawsuits. the sweet spot are your average investors (neighborhood millionaire) {contractor, lawyer, doctor, nurse, etc) who just turned the corners with assets, of 1 million to 3 million who now has tons to loose from just the threat of a lawsuit let alone an actual judgment.

Learn more by setting aims, growing your friend net, and diving into sites like BiggerPockets and other web spots.

@Marlia Stone The advice to get the first unit running and rented to generate some money is spot on.

Start by learning a lot, meeting people, looking over deals, and choosing a keen spot.

I see about 23,787 rentals on airdna (given a few are hotel rooms, camping sites and rvs renting on AirBnB & VRBO) so lets round to 24,000 and I will just guess another 26,000 hotel rooms/rv spots/campsites. 

Or if you go to sell it and you don't get what you wanted for it, you could always hold it to make the annual return you were projecting.You should run sales comps to determine if that value is $100k or not, but if you can offer at a price where you can hold it or flip it once done, you will be in a good spot