Investment Info:Small multi-family (2-4 units) buy & hold investment.

In the 4 states I hold/held broker licenses, all required this knowledge (in BASIC form) for licensure, so the required educational courses should provide a decent foundation.  

With the amount of cash you have on hand the numbers you are mentioning you can do much better with ROI

The higher initial cash flow market will in general have worse cash flow over a long hold than more expensive markets.  

With $100-150k, you can definitely find a positive cash flowing BRRRR/buy and hold here in Columbus Ohio!

You’ll need a real estate attorney experienced in creative financing.Land Trusts for Extra Protection – Many investors in Illinois use a land trust to hold title when doing subject-to deals.

I can't do what they do, but I know when it is done wrong and how to fix it, just not with my hands.   

I have found that i can do much better in the long hold if I find a better market than where I live. 

If you’re planning to hold this property as a rental after the rehab, make sure you’ve crunched the numbers on a realistic timeline.

CA is brutal when it comes to taxes.I don't give tax or legal advice, but many people believe that holding the property in your name and having a good umbrella policy is a good solution.