Cash-on-cash 18.96%The Property:- Listed at $80k- Recently rehabbed- Each level is 2/1 rented at $500 and $550The Area: - "C-" area (area has mixture of tenants; this is on a busy road so it's not nestled back in the 'hood where you wouldn't want to go)The Numbers: Offer: $70,000 + budget $2,500 (closing / inspections / etc.)Financing: 25% down ($20,000); 75% financed 30 year fixed @ 6% interest = $315/mo mortgageExpenses: Property Tax $700 annually; Insurance $700 annually; Maintenance/repairs $750 annually; Vacancy 10%; Prop Mgmt 10%Rent: $1000/mo (conservative)

The community is a mixture of differently designed homes, several small farms, a couple of new subdivisions, and close to a major shopping complex.

Home Depot has a mixture of good brands and occasionally good service.

This area typically has  a mixture of houses and trailers in most neighborhoods.

Also, any insight on investing in a storefront/apartment mixture would be great. 

(First, build your systems and teams up before you scale larger)Maybe its a mixture of both?

I have no extra cash so I will be hustling for money but am interested in flipping, buy and hold or a mixture of the two!

Once that is established, you'll learn pretty quickly where you can and cannot afford to invest.The criteria for a class of neighborhood is a mixture of fact and opinion as there are no hard and fast rules but here's an article to help get you going for classifying neighborhoods. https://www.biggerpockets.com/renewsblog/2015/12/09/class-a-b-c-d-real-estate/I lived and worked in the East Valley for about a decade and the corridor of North Scottsdale down to Ahwatukee is pretty solid IMO in terms of quality of neighborhood.

In South Dakota if you drive 15 minutes in any direction you will be in corn fields. 

For me it seams to be best as a mixture depending on the local markets I am looking at investing in.