Just be sure and account for these factors.I suspect you'll be hard pressed to fix and flip an apartment building, or even a tri or quad, in a few months.

That one SANG soldier eyeballing you from the turret of the gun-truck wondering if he could get away with an "accidental discharge"? 

There are lots of people jumping in these days who think owning a 4 plex is like owning a printing press for money.

I fell into real estate investing accidentally - I have two rental properties that I originally purchased to live in myself, and then when I wanted to move I couldn't sell so I turned them into rentals.  

I became an accidental landlord when my house couldn't sell in the down market.

Location plays a role for sure, but amenities (i.e. pool, hot tub, volleyball, tennis courts, golf carts, etc.) and other nontangibles (i.e. water views) are all factored into the equation.Build the picture of income expectation through multiple sources (local PMs, rental history, and AirDNA) to give yourself the most confidence to press forward. 

Most of the media is saying property owners lost bigtime in that the moratorium wasn't immediately overturned (Associated Press, NPR, Reuters, etc).

@Albert H Shin Looks like press board which is just sawdust and wood chips glued into a cheap "board".

Chicago is a huge market, and so small areas of the city can get a lot of press.

Here are the basic stats on single-single family homes sales for Dec. 2016 for the City of Austin and the Greater Austin Area.Here are excerpts of from a recent press release from the Austin Board of REALTORS®:“The Central Texas housing market is slowly beginning to align with long-term historical trends.