I also avoid properties with any sorts of yard amenities or complex landscaping, including pools, fountains, fruit trees, etc.Construction Material: Most city blocks are built using similar construction materials, but there may be exceptions.

Rents are about $1200 for a two bedroomWith a mortgage I can pay on my own, even if I lose both tenants, so up to $2000 per month in total expensesI want to ideally find the ugly duck in a cluster of nicer complexes, so, a property that is livable, but where I can add value with some light of medium remodeling and beautification/upgrades.

@Michael Slot These questions are always a bit more complex then I think people originally intend them to be.

I can't imagine investing in a strip mall or apartment complexes, and can barely imagine investing in a hotel/motel, but MH has proven itself to me over and over again.

As the previous people have stated, MF lending is more complex that SFR.  

I feel that I have a good knowledge about syndication from SEC regulations, to structure and fees - how is it then that I hear about deals described as 50/50 equity, one side brings money, the other brings sweat equity but I never see anything about this having to follow complex (and expensive) regulations and documentation?

Property development has multiple complexities which maybe quite challenging for a new investor. 

This shop is currently a boiler room that shares only a common precast concrete wall with the remainder of the complex. 

That complex looks like one of the nicer ones in that neighborhood and it appears to be well maintained, at least looking in from the outside.PM me if you would like to connect for more information.

Investors with 700k in Fresno are typically investing in multi-family complexes, not SFRs - although I have to say - I know one flipper who flipped a million dollar SFR property in the Tower district recently