Hey Folks, Recently bought my first multi in New Haven, CT, I'd say it's a B class property in a rougher C class neighborhood.

For example, some notices locally can only be delivered by first class mail. 

My goal would be to get to about $500k-1M net per month and I understand that there are stepping stones, just giving u some perspective on where my eventual goals are at because I’m not going to be flipping D class duplexes and managing them myself.

Closing one deal over multiple deals in a competitive environment can provide some advantages. 

This is in a class B neighborhood.

@Garret Anthony Central Ohio has some great opportunities for the long term...and C-class value add MF is the way to go...finding the deal is the hard part....most agents and wholesalers are looking in the 1-4 unit range by default...I would recommend buying as many units as you possible can out of the gate...don't fool around with duplexes if you have $200k to spend...it will take longer, but a deal that meets your criteria will come along...or a possible partnership with a like minded investor that can put some skin in the game...

Multi families and cash flow well but not in that asset class, You're better off buying a SFR in a higher asset class than a MF in a low end area.

That isn’t the norm anymore, and the rules of thumb that were built in this environment are outdated at best, and misleading at worst.If you’re new to investing, stick to where you are as the chances of you making a bad deal out of state are really high.

As a Keller Williams agent, you should most definitely take advantage of all the classes they have to offer.

Invest in C+ class properties and you’ll be set.