@Neal Collins I plan on just buying a regular SFH, would be awesome on 1/4 acre but probably can't afford more than that with the proceeds.

@Robert Collins Rehabbing is one of the few ways to land a decent MF property, bring rents to market, and get a good return.

@Robert Collins Thanks for the mention!

@Robert Collins you may be missing a digit in your property taxes they aren't going to be $120 per year. 

The Simple Path to Wealth, by JL Collins.

@Robert Collins I don't know the market but it looks like a lot of home for the price.

I've gotten great advice/support from @Jordan Sutherland (my Lubbock RE agent, who is also an investor himself), as well as @Joan Brown (who does flips and buy-in-holds in Lubbock), as well as @Corey Zant (who also invests/flips there). 

I just sent you the blog post I am working on that that has the breakout by price band (and days on market) as well to show you how you are more likely to get a discount on higher priced stuff.But, here's even a different chart (not included in the blog post that I just private messaged you) showing both the average discount and the median discount for just the last 12 months in just one real estate market (Fort Collins, Colorado) broken out by price band.

@Robert Collins Consider partnering with an experienced rehabber on a project and check out J Scott's The Book on Estimating Rehab Costs.

I have attended @Collin Schwartz meetings and they are awesome.