He was a good guy” and his information  on buying at tax or foreclosure sales was realistic and doable. 

My personal preference for a buy and hold would be an already established area (or an area that's still gentrifying, but has already seen significant progress). 

@Makani Donaldson it all depends on your investment goals.If you buy a Class A rental, it'll usually have negative cashflow, which will be hopefully offset with appreciation and better tenants.If you buy a CLass C or D rental, it should have pretty good cashflow because you may not realize much in appreciation and you'll have a lot more problems finding good tenants.

Your investment property - This you could do a 1031 exchange on and buy another property you intend to use for investment. 

Just buying a home, rehabbing it, and selling it isn't as straightforward as it seems.

Quote from @Jaycee Greene: @Orlando Johnson Are you still looking at buying this property?

Generally most fix flippers are buying at 80%-82% in our market. 

Most who get tripped up are those buying the smaller multi-families that don't possess the correct use permit/historical rental license activity. 

Check fees are $10**** When buying physical real estate, you must have a 10% cushion of the purchase price**We waive the first 6 transaction review fees for the life of the account.*** The first 12 incoming checks are free each year.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Clinton.