Tacoma has a growing real estate community, and there are plenty of opportunities to connect with investors.

@Tayvion Payton   -  my guess is that you are still too far off the price, at least in the interim but it is always good to put in an offer, because they may come back to you down the road. 

It had multiple offers the day it was listed (like everywhere) but now the financing of the buyer is falling through. 

Plenty of investors have used this approach to grow their portfolios.

There are a lot of market-specific issues you'll have to grapple with and also, there are plenty of landmines in MFR on its own in CT that you'll have to be ready for, in addition to the nuances and complexities of developing something like this.

Germantown has plenty of opportunities, especially if you keep an eye on areas with improving infrastructure or schools.

Not to say you cannot find a deal in many of those states but for a first time investor wanting to be cost efficient it makes little sense to stick to those states.You do have states like Indiana, Ohio, Tenn, Florida, Georgia, Texas that offer higher inventory of home prices even 2-4 unit multifamily that are under $200K.

I found plenty of deals on the MLS over the years. 

Plenty of other great groups depending on your focus.

I offered them 10% down, interest rates favorable to me, amortized for 30 years, but with a balloon payment after 3-5 years.