It usually makes more sense and is somewhat easier to buy a 2-4 unit first and then transition into another 2-4 unit or a bigger SFH.

Hi everyone,
My name is Luc, and I’m excited to join the BiggerPockets community to learn, network, and grow in the real estate space. I’m 20 years old and currently working hard to create a strong foundation for my ...

I've kicked the can down the road, and it ain't good.If you don't think a higher paying tenant will not show up, I would consider cutting my losses and trying to sell.

IN Oregon. we have very few derelict houses or building very few.the one area north of downtown ( the old warehouse district) most all bigger cities have those areas.. the City put a 10 year tax abatement for repurposing the buildings to residential so buyers did not owe property tax for 10 years. 

Quote from @JD Martin: I think it's a bigger problem now that we have social media.

Many people on Bigger Pockets love to hate on Dave Ramsey.

Start small and start simple - hit a good solid single that pays you every month - I will aim for bigger returns through flipping or refinancing once i have a steady stream of cash to help offset the risk those things bring.  

So, if the tenant did that and got fired, you are the landlord would compensate them for the loss of their job?

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Loss of income is another coverage that you will probably want to cover any period of time you can’t rent out the apartment due to a covered loss.