Melvin List Andrew Postell Frank Yang Paul Khazansky Thank you all for your responses.

Outsource the cleaning and maintenance/fixing.Keep in mind when dreaming up the big bucks that even if one month's rent LTR equals one week's rent STR in some markets, the three remaining weeks in the month need to be rented out as well for you to compare oranges with oranges.

In LA and Orange County, only 20% of the homes are affordable for a median income family.If your brother is in the Detroit area, the most compelling rental homes are IMO in the first ring of suburbs around the city of Detroit.

Hello Florida Officiandos,I am looking at purchasing a 4-plex in Orange Park as my first major rehab.

I like to own properties that reach the broadest part of the rental population (think of the orange and red properties on a monopoly board vs the light and dark blue)

Before you know it, you've got colleagues up the ying-yang!

Apples and oranges and different tax treatment.  

They are apples and oranges.

Pre-qualificationIf you are too "Poor" to buy what you want in a neighborhood you are comfortable in, look at 1st time housing grants to increase your down payment amount so you can buy more house.The amount of the loan, and the amount of your down payment + grant will dictate a particular MAX purchase price for you.Be sure to allow for closing cost and loan costs in your calculations.Once you have that MAX dollar amount you can spend start looking at what you can afford in different neighborhoods.For instance in some cities you might find a Class D neighborhood 4 plex in good shape for the same price as a Class B neighborhood duplex.The Class D place might give you more cash flow than the Class B too, [BUT]Maybe your chance of getting robbed or shot or carjacked in the Class D neighborhood might be greater than the Class B neighborhood (so factor things like that in too).The question is still which should you buy--First whittle it down to specific properties the Bank will let you Afford--then make an apples to Oranges comparison as best you can.

In the past, I heard that Michelle Yang, mentioned on that post, does renovations for the landlord she does property management for.https://www.homesnap.com/MD/Baltimore/3620-Elmley-Avenuehttps://www.homesnap.com/MD/Baltimore/3238-Cliftmont-Avenuehttps://www.homesnap.com/MD/Baltimore/3417-Dudley-Avenue