I agree with Ben you can get a a good house 3 or 4 bdrm in a nice area for 100-125 all in and rent for 1200-1500 where I concentrate.

We are presently concentrating in Orlando area but would expand to other areas soon. 

They are mostly single family 2/3 bedroom and concentrated around the Boswell avenue near downtown.

I find most successful people concentrate on the end result first which I imagine is owning this home you are in.  

Concentrate on being 15, then 16, then 17......You have a job, it's going to school, do the very best you can there first.Yes, if you're interested in real estate most of the related professions require college, finance is a very good path to take, so is engineering and law.Begin by studying real estate, not this investor stuff, this stuff can put you on the wrong track quickly, especially internet folklore from spin masters.Stick to text books and specific aspects written by qualified persons, lawyers, engineers, or by professional organizations for appraisers, real estate managers, title companies, ALTA, for an overview.

Given that, you should probably concentrate on the area you know.

Worry less about the terminated tenant and concentrate on getting a new one to mitigate your damages. 

We live in an area with a high concentration of residential gated villages, great for rental income also, and there are many doing build and sell or rehabbing and flipping/renting out houses.  

You'll have little day-to-day work on your multifamily investment property if you employ a property management company to handle upkeep and communication with renters.This frees up time for you to concentrate on your day job or your next investment.Easier FinancingMultifamily homes often have a greater fair market value than single-family homes in the same region often, but it's also easier to get financing for multifamily properties when it comes to investment properties.Because the cash flow for an apartment complex is more predictable than that of a single-family rental, multifamily properties are less riskier for banks, therefore you may be able to negotiate for cheaper interest rates.High Rate of AppreciationEven if your multifamily property does not generate immediate cash flow, it retains its value.

Sometimes we concentrate on what's important to us and forget to check if it's aligned with other people's goals....