We are primarily looking to get into small multi-family rentals and have also been considering mobile homes as well.If anyone invest in these areas, or knows of someone else that does, please let me know!

Both are technically correct, but because the adjective form can be used to describe any property that is tenant-ready, it can be used in discussions of REI wherein the investor finds the prop themselves and hires a PM, like you're suggesting, which is more of DIY method (ok, not completely DIY, but more so than in the definition below).

With volunteers help we were able to complete the initial clean and gutting effort but still lot of work needs to be done.

This is more a serious concern of mine because the cigarette butts are being left in the grass/plants at the edge of the wooden deck.

Like @Michael Plante was saying, if they don't push closings and people buy a house that is no in the middle of the Atlantic, well then Lawsuits would erupt and no one would have a place to live.

@Antoine Martel @Steven Aviram @Federico Gutierrez @Nicole Heasley  @Katie HaneyTo whoever mentioned stay out of the suburbs... while I completely respect your opinion, I believe you are more referring to *mostly* Cleveland Heights & Shaker Heights..

Each analysis I complete is not leaving much profit after expenses and debt service.

Vacancy (figured roughly based off 5% of monthly rent): $70Rent: $1400Cash flow: $110Another pro to this is that my family will be taking care of property management because they live in the area with several other properties around that they currently manager for free of charge (I will be responsible for capex costs, but day to day managing will primarily be done through them).

Hey Everyone,This is my second post on BP and I'm hoping to gain some insight.My wife and I have successfully completed 2 live in flips and are sitting in a great position equity wise. 

My flip project was to have been completed by April but is still not done.