I am currently looking at about four (4) deals right now from the range of a townhouse (2), a 32 unit, a 6 unit, and a triplex.

I have opportunity to purchase a 4 bedroom 4 bath condo for 99k and of course price varies around that range depending on condition.

It will likely be between $25 and $100 and ask them to give you an on-the-spot ballpark rehab range--best case to worst case.  

I am looking for more of a fixer upper because I will have assistance with the rehab and it should help me with finding a property more in the $150k to $250k price range I am looking for.  

It seems like I need to ride it out a little longer and reconsider this plan only if I find that unique tenant who can work within this special situation.  

I walked the outside of the outdated property and snapped some pics, rolled some numbers in my head around:Mid-range ARV around 400knew doors and windows throughout, 15k including entries for good stuff (I know that's high, better to err on the side of caution)fresh paint in/out at $5 per sf for good stuff, call it 9kflooring throughout, 6.2k at $3.50 a sf2 bathrooms, 15k kitchen 20k including appliancesso about 55-60, plus some extra for unforseen and pool, so 65-70k, leaving me an offer of 200-230ishI'm sitting in this driveway for a solid 45 minutes taking notes, running numbers, pulling title info & last sale price/date (Chicago Title mobile app), etc.  

We do have a 0% down mortgage program for first time resident buyers (that can only be used once), but the property purchase limit is $200,000 and it is difficult to find multi-unit properties in this price range - unless they are in a C or even D area.

For instance, here's a small screen shot of PMs listed for Dallas-Forth Worth area, where I've seen PM rec requests come from lately:Then you'll at least get some names of companies who are association members to start with.If your area doesn't have a chapter, like our Ohio, you can choose the "Location" option under that same "Search for a Member" section and it will list all of the PMs in the location range you specify.I hope that's a helpful tip!

The comps there are in the 140-170 range)2

Every situation is unique.