As far as managing, I am factoring in the cost of PM when doing my numbers, I just hope I'm able to find reliable PMs.

This is the prescription phase, where you show the Seller that your service is the best available treatment, taking all the factors of the Seller’s situation into consideration for their pain.

With these things in mind, we are looking at the Milwaukee area for mulit-family homes, based on many economic and housing factors.  

Did you factor in Cap Ex, Maintenance, Vacancy, utilities?

All of these factors dictate pricing and help you understand whether or not you have a good deal.

This is his scenario.Home 1: Duplex purchased with an FHA loan.2 years later...Home 2: Currently moving out of the FHA financed duplex into a owner occupied SFR (5%) down.Outside of the requisite 20% - 25% down payment for an investor owned building, he's now thinking of how to finance HOME 3 (multi unit or SFR) and possibly HOME 4 (multi unit or SFR) and how using an FHA loan again might possibly factor in again. 

I know it depends on the market your in as well as other factors, but what do you personally strive for in your investments??

@Shetal Gandhitime being a factor for you right now when it comes to actually having the deal , how are you planning on managing the flip itself?

I have a 3 unit in the Highland Square neighborhood of Akron which has external steps leading up to the 2nd and 3rd units.  

It sounds like you may be referring to a factoring company or merchant advance lender.