I can imagine a 1920s style home had its charm.  

The place smelt like smoke, has 1970s style wallpaper, needs new floors and paint, complete bathroom reno, needs new appliances, and new electrical outlets. 

And if you're serious you'll modify your life style short term to create some funds to get started. 

When I graduated college my father was into comm'l real estate and was a licensed broker and he taught me a little bit.The main thing to do is to educate yourself and once you decide what you want to do, focus on that style you pick out 1 or 2 areas and make sure you know them well. 

Style and age are different.Are there cash buyers that buy this stuff?

All are brick ranch style houses. 

I have been presented with an opportunity to invest in 2 syndications: 1) a 500 unit Garden Style (advertised as Class B) apartment community located in the Peachtree Corners neighborhood (around Hwy 140 and 141) of Norcross Georgia and 2) a 200 unit (what looks to be Class C) apartment community at Hillandale Drive near I-10 in Lithonia, GA 30058.

Bear with me, I am new to this style of post.

I do open house style showings (not open houses).

Look for your target style of house and make note of the addresses.