I am in the process of turning a previously single family lot into multi-family home.I tend to look for fixer upper single family homes or multi-family homes with below market rents.

Here are some things that may help getting started:Do some research in the market you plan to gather contracts in (Driving for $$$, skip tracing, Redfin fixer-uppers)Source a pool of cash buyers.

Hi everyone, My fiancé and I are looking to purchase a fixer upper SFH or duplex to fix flip rent or resale and refinance next year wanted to some people that are slowly investing on real estate in the side we are relatively new have a college rental in South Carolina but one to get one a year.

I am trying to stay away from fixer upper as my first property as I have limited funds to spend and get started. 

@Arron Paulino Here's a financial example of a typical BRRRRR investor when combining with a hard money loan, hopefully it is helpful for you: The investor buys a fixer upper for 100k and obtain a hard money loan for 90% of purchase price and 100% of the 50k rehab.

I like to keep it simple so just make sure that the purchase price is equal or greater than the sale price and that you use all of your proceeds from the down leg (sold property) into the new one.

In San Diego, maybe a major fixer upper on a small lot with no garage and with a major road between your house and the beach.  

This is what everyone does all the time in places like Canada, upper Oregon, Washington State, Idaho, Wyoming, the Dakotas, upper Minnesota, upper Wisconsin, upper Michigan, upstate New York, most of New England.

However, the cons are that I will likely spend more $ on the property all together, am limited in the types of fixer upper properties I can buy, and therefore limited in overall ROI. 

I am looking at a fixer-upper property in central Florida for long-term rental.