We are looking to invest in the $200,000 - $300,000 range and would like to acquire 2 properties per year for the next 3 years.

With rents in the $1200-$1300 range, there really isn’t much in the way of cash flow.

I'm taking on a property that needs roughly $30k worth of renovations (property should be worth in the $175k range when finished).

Usually I want the MSA overall to be at least 250,000 in population.Third, I want to make sure that the area near the property, or the area I am focused on if I don't have a property in mind, is economically diverse.  

With that said should i go with a bigger property put 20% down and be in the 300k range or do i start with a smaller investment, rehab, rent, and refinance using the brrrr method. 

I moved to because I was unable to find full time work and or a home in my price range that would accept my small dog.

It's also the capital of the state and has lots of diverse/goverment jobs there.

What is your price range for purchasing a land?

@Greg Dickerson Would this be easier to do at a lower price point, such as a final (built) price in the $500k-$1m range with a lot cost around $50k?

I'll also ad that this unit range would definitely be the entry or even mid way point for the vast majority of BP members interested in multifamily properties.