So, make sure YOU understand the copy & paste info below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.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 property in Class D area to Class A standards, what quality of tenant will you get?

Quote from @David B Graham: Investment Info:Small multi-family (2-4 units) buy & hold investment.

So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.  

Auction buying is a risk just is..

One I close on that house, I plan to go buy a good lot and get a decent builder to build the next one. 

Selling one and buying several is fine. 

I hope you end up buying here.

However I have a contractor who I’m considering partnering with who wants to buy and flip homes in Baltimore.

Quote from @Robert Medina:  I’m trying to figure out how I can pay myself and buy another property. ...

Generic replacement parts that fit American Standard can be found anywhere.Don't buy the cheap $90 toilets.