If you are looking to optimize cash flow, I'd think that even though the recently redone was done poorly will still rent for more.

@Brett O'Neill, I hope you continue to learn from everyone on this platform.If you have not, great books to read are: Rich Dad, Poor Dad The Millionaire Next Door Cash Flow Quadrant Tax Free Wealth Set For Life Rental Property Investing The Millionaire Real Estate Investor The REAL Book of Real Estate So Good They Can’t Ignore YouYou are more than welcome to reach out if you have any questions.Good Luck and go make it happen!

and of course everyone is this business was also like the poor homeowner they too were broke on in foreclosure so they just want to help now.. all these flowery BS letters I used to collect stacks of them the owners left behind.

I agree I bet it had massive damage and was flipped. 

If you're serious about doing this your best bet is to go work for a broker who wholesales and learn while you earn. 

I have tried management companies with poor results. 

A 4 plex would be your best bet to use this strategy. 

Based on my personal experience with turnkey companies the rehabs are poorly done.

With all the capital trying to get into multifamily right now, your best bet is to pick markets with the best fundamentals (population growth, job growth, schools, infrastructure, etc.)

Your best bet is simply to find an area where jobs and population are growing.