I would appreciate any and all feedback, thanks.Additional information:- Not looking to owner-occupy with my budget- Based out of IL, looking for deals in the suburbs (as a result of my budget)- Have also considered nearby markets in Iowa and Wisconsin- Would prefer a property within 1-2 hours driving distance- Looking for deals between 50-175k

So not having 1 bedroom units doesn't mean you will turn away single people, in fact many want an extra room.I would do something like 10 single, 10 three bed and 60 two bed, unless location and community needs drive you in a different direction.

I'm driving for dollars, creating my own lists and sending out new letters weekly.  

I'm not a contractor, I don't do this for a living and I shouldn't have to run all over the place and keep driving down there to get estimates - I didn't break the door!!

Maybe drive the neighborhoods these are located in so you can get a feel for them. 

This deal sounds too tight...would need to drive down purchase price in order for it to work.Pittsfield is a great market for undervalued, high quality buildings.

So it only equals out to a 12% income growth over two years.

How do you target a specific area to invest in ( Population, Job Growth, Unemployment, Vacancies, Etc )2. 

I think everyone has their own criteria to fit the specific type of investment they are looking for but for us it's population growth and inventory of buildings larger than 8 units.   1- East Walnut Hills  2- Norwood3- Evanston

Different investors have different risk/reward profiles and that's what drives the whole range of the market.