In my market (Salt Lake City) the price range for a decent Fourplex is 400-600k and rarely do any of the listings on the MLS even cover PITI with a 20% down payment. 

@Rob Denn Hi Rob, what you mentioned is exactly the reason why Airbnb is being banned in multiple cities.

@Ron Fletcher I'd reach out to @Andrew Syrios as they bought almost the majority of a dev in Kansas City.

Here's the data by city for this who are interested:.

Hey everyone, I’m very excited to get started on my journey as a real estate investor.  I want to achieve financial freedom and retire early by owning rental property and doing flips.  While I’ve always wanted to inve...

That's your first lesson that hopefully never do again...If the city it's in doesn't have rent control, just raise the rent on her.

My husband and I live in the Greater Boston area and our current rental is in the city of Boston.

@Susan LittleIts tough to manage major rehabs in OOS markets. lots of good products available in your cities.

It took quite a while for it to rent and I don't know what it went for, but there's no way it got $1600/mo (1%) which is what one can get pretty steadily in second-tier cities in TX. 

If I lived in an apartment in Queens in New York City or in half a duplex in Pacifica, California, would I have a few thousand bucks invested in tools to fix houses and spend my day like today, where I worked on refinishing the oak strip floor of a bedroom and took a break to go to a tenant's house to change out a showerhead?