develop your own unique to what you're good at and what you like to do...and stay away from people like him, unless your wallet's too full of cash

In fact right now we are refi'ing through a 3rd portfolio lender who gives loans based on the asset which is unique.What helped us obtain the refi's I think was our track records and the fact that the properties we bought were good deals and attractive to a bank to refi.

Dangers just outside your doorAntifreeze that contains ethylene glycol has a sweet taste that attracts animals but is deadly if consumed in even small quantities; one teaspoon can kill a seven-pound cat.

However, since my target properties are lower end properties that often requires rehab before I can attract the best tenants at full market rent, I find myself doing a lot of work.  

With the type of profit I figured (about 20k annually) I just don't see the downfall other than the 'headache' that goes along with it.Thanks Jennifer,Thanks for your reply and question.Although I don't know the area you mentioned I have had experience with hundreds of deals in lower class areas (mostly SFH).It was difficult enough managing and collecting rents in these SFH and I couldn't even imagine what it would be like managing a multifamily in such an area.I have personally never owned such a property so I can't speak with full confidence but I can say that I have witnessed many similar complexes become revolving doors over and over again.Investors get attracted to the cashflow potential but end up loosing 6-12 months down the track.

So the conclusion I made was that they took the higher rent potential from the Temple University area property and matched it with the cost of a renovated property in the far less renting attractive area of Southwest Philadelphia.Again I did not intend to speak negatively of ABC Investments however the case study they present on their website is 100% misleading.

@Robert Hetsler , I have not considered storage in quite a while, but it is an attractive asset class, because of the reasons you mention.

When renting out something that large you tend to attract LARGE families and/or students/singles, both of which have the potential to put more than average wear and tear on the property. 

I am not a US citizen so your advice is appreciated.What exactly is attractive about your favorite markets compared to other alternatives?

There are so many unique neighborhoods, so you can really think about the type of renter you want to attract, your investment strategy (do you want to renovate a bit and build equity or a ready to go turnkey, invest in an up and coming neighborhood with appreciation potential or a neighborhood that's been solid for decades), and the lifestyle you want to live - it's a house hack after all.