It was out of my price range when it was initially posted.

You will only be able to find people in your price range who promise a lot and deliver very little, and they in turn will resent dealing with a new investor with no hands-on understanding of the process of a major renovation.

Would it be good for me to have money already saved up if so, what can be the range for me to start off with a multi family?

This unique renovation will also reconfigure the entire floor plan and add the modern design that we pride ourselves in bringing to each project and our communities.

Each of our markets is unique in many ways.

We have bought quite a few houses in that price range, and closing costs have never been over $1000.

and most importantly that I lack the network to find the deals like finding the right broker who actually invest in fourplex not just any  regular agent.I appreciate you taking the time to reply...In mid range prices, Dallas is more or less 100% price dependent on vacancy rate outside of turns.We more or less have been a week or less on our last half dozen turns. 

Are these luxury properties pulling in a proportionally better ROI than the mid to lower range properties?

@Miguel Ochoa Borrow somewhere between the most you can get, and the least you can get by with.Where  you fit in that range depends on your overall financial situation and your risk tolerance. 

Personally, I will be making my first deal in the first half of the year but I am having a hard time deciding what kind of price range and area to start with.