In addition, targeted searches for "apartments 77008" and "greater heights apartments" have lower competition which provides a great opportunity for organic and lower cost of acquisition.

Hi Cole, What price point would you be targeting on the new purchase? 

.- I have about 150K available for a down payment, any suggestions on the type of property to target (cabin, condo) if the goal is to be around cash flow even?

Hi Adelaide, What price points would you be targeting for the complexes? 

I'm looking to buy a multifamily this year but I am trying to decide what financing to go for.One of the most important criteria for me is that I can purchase something with 15% down or less.If I target seller-financed properties, I imagine that I'd be dealing with a seller with plenty of equity and maybe is a bit tired of being a landlord.The problem is that these sellers are NOT DISTRESSED. 

You can play with pricing to see how it affects demand, so you have a better idea of the quality of prospects and how many you get at different price points.You could also then modify your ad to identify a target MoveIn date and start accepting & processing applications.

I think in some of my STR markets I go grand, but in some I try to target the lowest barrier of entry as in a 2/2 that's easily accessible, small, priced in the lower 20% and that targets young couples, girls trips or whatever they call them, empty nesters, etc.

I was primarily targeting properties that were likely to redeem and would yield me at least 12%, so my bidding and research were structured around that.

Overall I feel your goal should be "just enough" to make the prospective (most typical "opportunistic") trespasser move along and find an easier target.

A real estate agent will have access to the multiple listing service (MLS), which gives you a list of low-cost properties, such as foreclosures and short sales.Find your target marketTo find a potential house to flip, one of your first moves is to find your target market.