If you're looking to get into an investment property, I'd be thinking about evaluating your 2nd property with your nephew separately (ie: what to do there, is the property producing income like you want, its long term appreciation prospects, etc)Hope that helps....

Craigslist, MLS, FSBO, etc. will not produce what you're looking for unfortunately.

I think your first step @Stephanie Yi is to educate yourself thoroughly on different passive investments that produce consistent income.

You realize the MLS is not an enforcement body right ?  

I have specialized an income-producing properties for 30 years.

1-invest on a multifamily deal where I could stay and use one Unit for myself and rent others to produce cash flow?

I purchased a C class duplex 3 miles from campus that is producing at a 12% cap rate on a $97,500 investment.

OK, 3/12 units are non producing so occupancy rate is 75% best case, right?

I would give my recommendation of the company things went as planned, we felt it was a better plan than letting our house sit for sale by owner all summer producing no income. 

My goal is to find income producing assets for retirement.