I look at places in that range but the condo fees literally kill the profit that you can make on rentals.

I have told myself so many times that I would only invest locally in Bay Area, but looking at all these crappy MFH in C/D locations with non-paying tenants going for millions, I start to think one day these will go for 1/2 of today's price, which would turn into a good investment at that point...I literally watch my friend buy at 23 unit for $700K in 2014, never made a penny in terms of cash flow even at 100% occupancy because of tenant base, sold for $1.16M, now on the market at $1.7M by the new owner who bought from my friend 4 months ago..

With him financing the deal it was literally a conversation at Braums, and agreeing to the terms.

And more than one investor has been literally shocked by "special assessments" that they had no clue could be levied.   

Hey, my names Marcel, i am 20 years old and i am very sure i want to start working in real-estate but i don't know one thing on how to start. i am literally in the dark about the subject and any or all information you can provide to me will be greatly appreciated. let me know if there is any issues my age will bring about and all dollar figures to take into account. thank you, hope to hear back

Self-manage or have on-site and prioritize turnover efficiency.By qualifying service calls before sending out the plumber, electrician, HVAC or Maytag man, I have literally saved tens of thousands.  

While your at basic and literally getting everything paid for, your monthly expenses should be negligible.  

People that don't understand this literally throw their marketing dollars right out the window.  

What's great is you can literally run down the list calling all of the contractors till you find one that fits the bill.

He literally has done almost the exact kind of thing you are contemplating.