Price point under 600k prefer 200k- 300k plus renovation. 75-80 percent of arv after all repairs. 

Probably not larger than 20 units. 

Bought a house in NJ and am in the process of renovating.

What I have noticed in a larger than normal number of property tax foreclosures listed.

I think if you could easily pay that extra bill during the process of the flip (Research, closing, renovating, and listing), then I say go for it.

My focus is primarily going to be to buy, renovate, and flip (possibly in the Metairie/Kenner location) to start out.

The market is better in the lower rent ranges as the pool of potential renters is larger there. 

Also, I still help a family friend manage and maintain his larger strip mall in Kent.A mid rise might bring a lot of complications I don't know if I want yet. 

If you don't have the time, knowledge, experience, contacts, to acquire and renovate your future properties then buying rent-ready or turnkey properties may be your best option right now. 

One thing I will say (or simply think/my opinion) is that the VC backed larger ones will never be local and like most real estate, whether it's buying or selling and VR PM...that you'll always have a better experience with a local expert.