Sorry for the long post and all the round/estimated numbers but I was so young and didn't have a clue what I was doing so I don't have them saved anywhere readily accessible.  

If you don't have access to MLS, it wouldn't hurt to talk with a local agent.

Bigger pockets is a great community with access to lots of educational material and a great place to net work and build relationships. be sure to check out the blogs at www.biggerpockets.com/renewsblog and the weekly podcats.

If you have other access to funds and the deal makes sense then it may be OK to proceed.

Although having access to the MLS is great – so many other folks to do, so what few great deals are on there, other people have seen those as well – right?! 

We can also access every single deal on the market, as well as see what properties are currently renting for, have rented for, extra notes on properties only available to Realtors, etc.I have a handful of properties currently available that will cash flow with as little as 5-10% down.

Yeah, I'd prefer to buy and hold too really...but I don't have access to the capital that requires.

I've been here 23 years and would be glad to assist and provide guidance and access to resources.  

So this brings me to what ideas and questions i have: i am looking at a nearby new construction multifamily property (townhouse), where the area/location has great schools and convenient  to many amenities such as shopping and easy access to downtown.Also, this townhouse is a new construction property and should reduce or eliminate  my expense cost for the first couple of years due to warranties.  

@Edward Majesky Sorry your questions doesn't make much sense.But do you have a realtor with access to HUD to make your offers?