Right after I learned of this approach, I did it for most of the cities local to me.City-data.com actually goes right down to the census tract in granularity, and census tract is just a fancy way of saying neighborhood. 

Have a lender look into the Home Possible program for you. 5% down on a multi-unit if you occupy the property and meet the income restrictions for the census tract.

I've opted recently to go with the fiberglass surround in a SFR tract house built in the 1980's.

Once you build this small tract record I feel it should be much easier to attract private investors you don't personally know.

My superintendent called me that there will be a bidding for renovation on 60 tract homes tomorrow.

My superintendent called me that there will be a bidding for renovation on 60 tract homes tomorrow.

Then you start identifying potential tracts of land you would use as a starting point.  

For more than 20 years, most of my father’s investments are like this ... buy a large chunk of land for $100 per acre, subdivide it into 40 acre tracts (extremely low development and holding costs with No Babysitting) and then sell the 40 acres for $25,000 ... this is $625 per acre.My father generates his sales leads from cheap print advertising and the Internet. 100 percent of my sales leads come from my websites.

I'm going to keep on tract on any info and tips that you share.

Chapter 72In yet another case there were two identical 18 acre adjoining tracts owned by various members of the same family over many years.