@Alex Popescu, It really depends on your experience level, your toolbox and how many helpers you will employ.

Just keep buying rinse and repeat because here in Arizona by the year 2020 minimum wage to be $12.50 an hour and Mi Mi popped off by the marijuana law might pass in the state there is a bipartisan Ballot for 2018 we could see happen what happened in Colorado and also if you didn't know between the Interstate10 and the Interstate 8 going to Casa grande a huge theme park the size of Disney World is being built .

So what does “good potential” mean to you and what level of risk can you tolerate?

Recently, I think they've also been putting out "101" level webinars specifically on multifamily financing. 

So you really don't get a jump on anyone.Makes more sense to put multiple bids the same day with different LLC's at different pricing levels.   

It is even harder at the level you are mentioning because you have a lot of competition. 

I have outlined a high-level plan below. 

It takes a level of discipline not to be the winning bid on a property, but if the numbers don't work you have to walk away.

And only accept a tenant whom can pay the rent without a co-signer.

Have a great cash flowing rental but wanting to take it to the next level.