Buy box in that 100-250k range, single fam or small multi fam.  

Maybe find a good designer that can provide services to install and setup the spaces.A lot of these ideas are going to depend on where you are buying.

Here's the challenge: If the numbers work with a low down payment, why wouldn't an investor putting 20%-30% just buy it and could likely offer more?

I also like to be set higher than most of my competition because I only buy really cool properties that are sought after.

As a CFA you probably know the old quote from Warren Buffett who said something like "buy what you know and understand". 

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

Am I buying it after it's been renovated and rents have been raised?

@Cameron Porter half off of a $30-40K price may not be enough to make a purchase work.We've seen clients quickly get upside down with Land Bank purchases:(So, proceed with caution and hire a great inspector and contractor to go thru the property before you agree to buy it.

These days I can't buy a lot for $40-50k.

  Hey everyone, Im a first-time investor looking to buy a single-family rental for $40K-$50K in Peoria, Danville, or another affordable market.