Also, while some of the tenants are ideal a few are chronically late and one extra benefit of the rental increase is to install a regimented system of accountability for paying rent.

Ideally, before going to look at it, I would want to know the lease info.

I am just finishing up The ideal team player. 

A duplex/triplex/quad would be ideal as those are "better" investment properties for cash flow than a single family would be, but they are also more expensive.

I think partnering with an experienced flipper would be ideal for a first flip.

If this company does not offer higher limits you should consider an Umbrella policy  That policy will provide an additional layer of Liability above your homeowners Liability and your Auto Liability.  

The face value (akin to the home or auto purchase price) is irrelevant. 

The face value (akin to the home or auto purchase price) is irrelevant.

Ideally it would be a fourplex as that would give you the best return, but you'll make some added sacrifices you wouldn't have to make living in a duplex at the same price.Then in a few years you could move out and rent it all out, and see even better returns.

Ideally I would like to make real estate investing my career which is why I am pumping all my savings into houses to start scaling now.