Do you know repair costs (contractor background)?

What is the cost of an average repair bill after move-out?

Put safety first by looking closely at homes, guessing fix-up costs, working with good workers, and having backup plans for surprises.

However, these brackets are frequently pulled off by guests, leading to high maintenance costs.

It may be cheaper in $$$ but it will cost you way more in time and effort.

You probably need 10% for a down payment plus closing costs which could be another $10-20k.You can put in an offer contingent on selling your own property. 

Multi-family is going to cost more than a single family home and might require a larger down payment.What is your goal exactly and what does a little bit of cash flow mean to you?

What matters is positive and growing NOI, controlled interest expense, and controlled capex and improvement costs.  

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

If a property is considered uninhabitable, the Landlord must provide the tenant a hotel at no cost to the tenant (this much is a preexisting requirement).