Don't know much about this neighborhood in terms of quality, but as far as I know pretty average.House 2: https://www.redfin.com/WI/Eau-Claire/862-E-Grand-A...Foreclosure. 

It really all depends on what your numbers are looking like for your property in your neighborhood.

Our basic goal is to build a portfolio of positive cash flowing multi family properties in up and coming neighborhoods around the city.

I'm still learning about all the parts of the puzzle, but I think as soon as I better understand how to work and organize the money and the general paperwork then I'll be able to take the plunge. 

Most of my investing has been in North Main and the Augusta Road areas...urban lifestyle but good schools, affordable living, and convenience to everything...it's a gem.Regarding #2, yes our redneck homes are pretty affordable for many northerners...my neighborhood is mostly transplants and foreigners.

I have access to private money but prior to tapping it I want to fully understand how to go about this in a way that is respectful to my friends,  simple and organized.1)  The house I'm looking at is $560,000 ;   With my credit score being a mess, should I just borrow the 20% down payment ($112,000) ?

The industry is full of people that never even graduated HS.....are convicted felons....... file bankruptcy every couple of years.....have been divorced 4 times....... addiction issues......in other words flakey people that have no organization, structure, direction or drive in their lives.Now that's not to say that they are ALL like that....there are some fantastic people out there....very smart, organized, professional and amazing at what they do......I've met some great people...... but unfortunately they are rare rather than common

Either you bought it well above market value, or something catastrophic happened to it (or to the neighborhood).Really curious to understand a little bit better.

My organization and ability to multitask is going to come in very handy.

The neighborhood is turning over with updates and remodels.