Once you know the demographics of your tenant pool, your would select the trim level the kitchen accordingly.  

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Uniquely, however, we need a true owners unit give the four person family I head (me, wife, and two young kids).  

It des not take too much money and teaches around all (just about) niches but you have to be kind of brave and be a little bit selective on what you tell the homeowner.  

Prefer something where I can select a package and get everything delivered and installed with minimum steps.Kitchen and baths separately.Thank you.

There are a few things before you start offering and after you select your niche and market area.  

The challenge there is that accumulating enough properties to generate cash flow on par with a solid middle-class income (especially in a metropolitan area) requires deploying a substantial amount of capital to acquire the properties, and achieving attractive returns requires careful selection of the properties (to buy below market value), attractive financing, and likely some amount of rehab work along the way -- all of which require a degree of expertise to do successfully, as evidenced by BP itself.If someone is unwilling or uninterested in really digging in to understand REI, they could of course still own rental properties through a turnkey provider or a REIT, but in both cases are giving up some of the upside potential that rewards the patient and diligent.To be clear, I think REI is a great choice for building wealth and Real Estate in some form should absolutely be part of almost everyone's portfolio.

Being more selective than ever, buying value add only, in the strongest markets and submarkets is essential.

Hoping someone out there has some similar experience w/ this, although I recognize this may be a unique situation.About 4 years ago my wife & I purchased a 6 unit building in chicago using a FHA 203k loan - full rehab.

I know you can only have one at a time, I just didn't know if this would be considered a unique situation.