The ONLY reasonable deals are:Appliances when purchased if you have a retailer that offers unlimited repairs/replacement for 5 years for 10% of price.

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Quote from @Holly Radice: I am looking into purchasing a 4 unit in Ohio as my first property.

<g> If she is very determined not to have the central heat on she can turn off the service switch at the unit or even turn off the circuit breaker to it.

Purchase price: $490,000 This is a unique opportunity to participate as a investor in a single family residence valued at $3M and higher.

I am under contract to purchase a Quadplex.

I recently purchased a second foreclosure property, another condo on the east side, and am looking forward to flipping this one. 

.- Bulk Purchases & Portfolio Acquisitions: Banks and hedge funds often look to unload non-performing assets in bulk.

So I want purchase it as my first rental property it's going to need rennovations for sure not terrible shape just older rancher home.

The idea is simple: purchase a property, live in one part, and rent out the rest to offset your mortgage or even generate profit.