I think I have a solid foundation but I am interested to know: Is there a certain multiplier I can use to convert median price of a single family home into the approximate value of a multi-family home?

Seems like a solid deal. 

Solid points.

Just hoping to chat about OR's market.I'm partial to buying and holding in OR mainly because I have a solid deal finder, lender, and PM I'd like to keep working with.Not entirely opposed to investing in NCJust doing more research and looking for local BP expert knowledge

@Zack and @Hannah, I am a new out-of-state investor myself and based on my research such areas as Memphis TN, Cleveland OH, Jacksonville FL are great areas to invest if you are looking for a solid cashflow.

I would want a property manager to find and manage my properties, so I guess I would be relying on them having a solid screening process.

Like everything there's pros and cons to each, but your PM should already have a solid network of contractors to do the job for you.

This way you can make a solid decision with your first purchase and not feel forced into a risky strategy because it's your only option.

You can also get some solid insight as to why the seller is selling, or how the area is rental-wise.

Sounds like you have a solid spread so I would start lining up your contractors to get estimates and bids so you can hit the ground running once you close.