Get to know the area you want to invest in based on your target market (to be determined by you) What will that amount of money get you down payment wise and if it fits the niche you have decided is right for you.

I had one that fit's this literally hours ago. 

For example, we discussed the interest rate, looking for good terms that fit with our long-term financial plan.

I'm curious on specific neighborhoods and/or zip codes that fit my criteria and have the most potential for growth.

You might find that multi is a better fit for you, but you might find that flipping is more conducive to your skillset/goals.

An overarching passive income managing agent, with tax and LLC/trust expertise would be the perfect fit. 

Tacking onto what @John Koster said, the POS ordinances can be tougher in certain cities than others and the tax rates in the burbs can turn a dream deal into a nightmare rather quickly.I'd find a knowledgeable agent who also invests and work with this person to learn the areas and see what fits your investing profile.

If you're seeking a reliable income stream, Cleveland would be a good fit.

Sometimes you may not fit the tight requirements of credit unions or banks.

Talk to some local PM companyAccounting - 1 size fit all or you can have multiple ones that handles the property level and the corporate level.