I personally would not shoot to have properties in several different, geographically separate markets.

Off-topic but I just read this article which is a few blocks away from the properties: http://www.democratandchronicle.com/story/news/2014/04/22/rochester-shooting-genesee-street/8011237/

For fun I enjoy playing sports, snowboarding, shooting pool, and going out with friends.

So if anyone is close to me shoot me a email, and even if your not, really wanting to meet people who want to fund my dream, whether it be with money, time, or experiences!

I'll shoot from the hip here: from what I see on BP compared to the NYC market, cheaper properties cashflow MUCH better than expensive ones since prices seem to have a much softer bottom than rents, but given normal economic conditions, the expensive ones in better areas will appreciate better.

Once he sends me some additional information and details on his experience, will shoot him over to you ASAP.

Based on the numbers I'm using, it's not cash flowing the $100 per unit that I was shooting for, but I've tried to be conservative in my estimates (and at least in the beginning I'll be managing it myself).

Saying "I have $100K in the bank" and "Just looking for the biggest and quickest ROI" is equivalent to painting a target on your forehead and asking someone to shoot you.

Other houses in the area have gone under contract/sold $50k-$90k, but ones that are comparable are near the middle end of that.Coming down to the numbers, if the repair estimates doubled, we'd near the lower end of the range we'd want as far as return goes (don't want anything that gets less than 15%, always shooting for 20% though).

I could use a little more advise on ideal cap rate- I'm shooting for 15%+Other fees-HOA- $197Estimated clothing costs- $4,500I will be managing the propertyTaxes $1,800Everything has been updated so no renovations for the first couple years