Dont buy a cheap building.  

Some can actually be pretty cheap.

So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.  

I’m open to flipping, renting, or exploring other strategies.My mantra is to test new things “fast and cheap,” so I’ll probably begin investing locally in CT before considering otehr markets across the US. 

Expect to spend another ~$8K for that.If you are planning to close all-cash and bring enough cash with you for operating expenses and rehab, you are looking at a minimum capital raise of about $3M and that is for a cheap 32 unit.

Cheap is expensive!

You can purchase a cheap camera with a built in cellular connection: Cheap 4G Camera All this needs is a SIM card.

As soon as I finish the lake house project I have a 1-1 condo that I can get cheap that I was going to try to concept on. 

Resist the temptation of a cheap property/market.It's also going to feel like you are not making any progress in the first year or two.

They get a chance.Quest had two kinds of 401k’s: The cheap version and one with a “Does bookkeeping and some (perhaps all) federal forms” apps.