You can find deals but they often need a lot of repairs/renovations, and depending on your skill and/or team, it might make these viable options or properties you want to avoid.

While multi-family is a perfectly good place to start, I would tell you that it is often more competitive than single family homes… maybe just due to there being less of them in general, and being more desirable by investors.  

I often had clients that didn't understand what it meant to be ordinary and necessary. 

This way, their allowance becomes wages, which can be deductible as business expenses.However, keep in mind that many property management company owners report that margins are often tight, especially if you’re only managing your own properties.

Often overlooked is the premium for storage space in the city.

You don't often see this with banks, although their guidelines usually differ and in most instances offer lower leverage.

@Priyanka Shah Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Older people like this often need a little extra help with technology.

If your tenant is a decent person who has fallen on hard times, then you they often move out long before the Sherriff shows up.

Next, start identifying the type of tenants you may be open to and this will help focus your strategy.