Also, if I bought it I would do so assuming eventually I am going to be in an eviction situation. 

I stay on realtor.com and mostly all multifamilies are in SE, well the more reasonable ones..haha I would love to eventually get something in NE or NW.

I'll certainly let you guys know when I eventually follow through.

Hi all, total newb to investment properties here working a 9 to 5 in a high cost of living area (San Francisco, CA), and investing in an income property, and eventually moving to, a lower cost area (Chattanooga, TN) which also has much more favorable price:rent ratios than the Bay Area.

Until then I plan on finishing my Bachelor’s Degree in Real Estate Studies, obtain my real estate agent license, and eventually a broker’s license with the intent of opening a property management business in Southern Alabama.

My first step is to buy a home for myself first which could eventually turn into a rental property and then work into buy and hold properties with SFH and small multi families.

Meet with and get a bank lined up, they'll eventually need a budget and order a preconstruction appraisal. 

Who knows, this property may have 0 issues but eventually you will come across a property that "looked good" in pictures yet had some major issues.

My goals with REI at first are to wholesale and get my feet wet and get some experience, and then eventually get a couple doors in my portfolio by the end of 2017.

If you don't have savings you could try going the hard money / BRRR route and use the profits to eventually buy another property or fund options 1 or 3 in the future.