And taxes are extremely high.I would definitely recommend against investing there unless thats the model you're looking for.

Actually, this blog post from @Ben Leybovich may help you find a good property management firm - I thought these questions were extremely good:http://justaskbenwhy.com/rental-property-management/

Plus, unless they are extremely well heeled, you'll constantly be chasing money that might not be reliable.

I'm still relatively young and poor, so I don't want to rush into anything too extreme for my first go around.Should I buy and flip a house or buy a multifamily home and lease the other part?

Either way, I'm extremely happy with my purchases!

I'm kind of thinking out loud with that. 

I'm in NYC, where prices are extremely high, so from my perspective wholesaling is not something that a licensed agent needs to explore.

On the other hand, you *generally* have more turnover (families are less likely to stay in a MFH long term, singles turn into couples and need more space, couples turn into families and need more space), and tenant disagreements/noise/he's stomping around up there/playing loud music/cooking stinky food complaints are more common. 

I go into the house to find amazing $5/sq foot flooring throughout the property when I planned to do the $.70/sq foot flooring due to it being a cheaper house ($40k), so I called him and said "hey this really isn't in my budget I can't afford this stuff it is going to blow the budget".He started laughing out loud and said it was meant to be a surprise his buddy that works at a hardware store had someone bail on a special order of this oak bamboo flooring that is $5/Sq foot and he got it for $.99/ Sq foot and he was under budget on the rest of the house so he hooked it up.Just goes to show having a great contractor can make a world of difference.

Google loves real businesses that provide value to their users and the local game is so fragmented that the competition for commercializable terms is extremely uneven.