You may have a more profitable exit if you can build them as 1-4 units versus larger and can subdivide the buildings into separate properties.

hold some of that initial 100,000$ for reserves. if you spend it all and something goes wrong you wont have time to accumulate profit the first year to really afford to fix anything. then you'd be dependent on personal income or another loan to fix the issue if one arose. play it slow and safe at first while you figure out the game and take some initial hard knocks that are bound to come. 

Discouraging investors from taking a dilapidated home in poor condition, serving a market need, and dare they make a honest profit from doing so. 

Having the rental won’t prevent you from securing other loans if it’s profitable, as lenders consider rental income in your debt-to-income ratio.

Lets say you end up with a yearly profit of 5k. 

Unfortunately, you will pay a high price to keep it while waiting for appreciation and it may not pay off in the end.If you want to invest for profit, you need to learn how to analyze property.

Reason being, you can pay taxes on the smaller seed so you never pay taxes again on profits or distributions during your retirement. 

Go work for a person or company closing profitable real estate transactions and get paid a salary. 

By doing this 1031 exchange they will indefinitely defer paying the tax on the profits. 

Local Regulations: How do local landlord-tenant laws, rent control policies, or other regulations affect investment profitability?