Then I had someone tell me that wholesaling may be the most conservative option for me being that I have a wife and 4 kids and can't really afford a lot of risk without sufficient cash saved up.

In that range, at least in the Boston area you could potentially purchase a 10+ unit building in a decent area.Personally I would look at a very good area, like Boston, or a larger complex in the southeast.

I'm a general contractor specializing in remodels and renovations of mid-range residential properties for rent and resale.

My taxes are more in the $500-550 range and insurances is a little over $100 per month.  

Current purchase prices are in the mid $90k range, with rents from $800-850 or so..  

I'm currently working with a group I met here on BP and our their 1st deal was listed on MLS, the ARV comps were in the 550-650 range, there are active listings that could be comps on up to 700k, so using a listing price of 635k, we bought this home for 330k, plus 120k for a complete rehab. 

Well, a year is coming up, so now I am looking for a quad again to do that, but the inventory is so limited, and the ones that are available now aren't really in the area I want or the price range I think they're worth to make sense for me.  

@Amar Pravin It depends on if your buying all new or if you start out with used stuff off Craigslist.I'd say a range between 4k and 10K depending on used or new.

For example, a criteria will probably include a certain price range, what type of neighborhood and how much cash flow etc.

I have started to see some softness in multifamilies in the Cambridge area in the $2+m range.