Albany, Syracuse, Utica, OH, PA, etc.) for cashflow.The challenge in these markets is that demand is through the roof, and many properties either sell at the asking price or above the asking price (Suffolk's sale price average was 1.5% ABOVE the asking price).If I were in your shoes, I'd explore local and remote multi-family options before considering the mid-term rental route.All the best!

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Overall, your next actional step should be attending local REI meet-ups.

I’ve been part of the BiggerPockets community for a while, but this is my first post.

Hi Leo, its been years since I closed on a HUD property but you close on the property as soon as title is ready like any other property.  

@Ken M. rents are softening in the places that have had a lot of new units come on line.  

Building built as multifamily tend to have more sound damping, particularily the newer the construction. 

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

At the end of the day, whether small or large deals it always comes down to relationships.

MInd you, we've gotten really good at our scopes of work and we have one of our GCs go through the property with us to give us our scopes of work.