I agree I bet it had massive damage and was flipped. 

If you're serious about doing this your best bet is to go work for a broker who wholesales and learn while you earn. 

I think we made the right choice on the property however it probably is more of a gut thing than an analysis.

There are some positives though: after looking at the market, I'm pretty convinced that I made a good choice to buy this property if I eventually succeed in fixing this foundation.

A 4 plex would be your best bet to use this strategy. 

Regardless of how someone is going to invest, if they are not willing to be patient and spend some time learning how each way will benefit them and which one fits their needs the best, then under the mattress may be the safest bet! 

The Broker's Duties and Owner's Duties should be written clearly for you to determine what is the best choice for you. 

With all the capital trying to get into multifamily right now, your best bet is to pick markets with the best fundamentals (population growth, job growth, schools, infrastructure, etc.)

Your best bet is simply to find an area where jobs and population are growing.

@Blake Ramsey    I am in SoCal, so the choice for other places was made for me $$$ hahaI took out 50K on a cash out refi to get started.