You can target what I call a medium term tenant which is 30 days plus.

Willamette valley that have margin light to medium fixers have tons of competition. 

In order to successfully raise capital of this magnitude, the founders must have a track record of success in the specific field of specialization in a size and type the same as the proposed investments.In order to acquire a track record of success it would require that an individual begin as an employee of an established private equity, buyout, or similar company, and advance to a level of responsibility for decision making as to investments.Candidates for these positions are culled from the top graduates of the top 5 MBA programs, or sometimes PhD programs with a degree in a specific tech field related to the endeavor.More attainable to the person without said credentials would be to establish a track record of success in real estate investment and put together a small to medium size syndication with a significant seed investment by the operating partner.

Aside for the near term concerns, which may be mitigated, since as many here pointed out the government is doing things to help, the medium term could prove to be more challenging, with less employment opportunities and some areas that can get really hammered. 

. $500 for medium repairs and $200 for minor.

I hope to continue my progression with additional purchases of small to medium sized multi family properties over the next five years until cash flow exceeds my current desk job.

A middle class guy who can swing 10 SFR doing the OO to NOO would in most areas of 'coastal' CA own ~5-7 million in RE....definitely nothing to sneeze at.The real pressure is on the medium size developer, the one doing your 10 unit in-fill.

If you look a how like a discounted cash flow works... you need something like this...You need either: High appreciation and low cash flowMedium appreciation and medium cash flowLow appreciation and high cash flow I am sorry, if you are making $48 a month on a depreciating asset you are at low appreciation and low cash flow.

Do you have a Roth IRA or 401k from which you can borrow medium-term funds? 

Had a question regarding cost of building in medium and larger sized metros but not mega cities.