Areas like NE and Uptown are like the hot fashion trend your dad knows about (hint if your dad knows about it you missed the trend), everyone knows they are popular and they are overpriced.

I don't get many votes due to my focus on risk, and the newbies don't want to hear about the dark side!

We would secure the entire north side of this block.

which is kind of impossible in this hot market from MLS

Historically, I have invested mostly in the stock market, but I've really spent some time learning more about RE investing, specificallly on the SFH and small MF side, and I'm thinking this would be a good place to deploy some of my capital (if done correctly of course!). 

Found a 4-plex in residential area (population <3,000) about 45 minutes away.Purchase Price: $92,000 (MLS) Bank Appraisal: $99,000 (appraised "sale" value)Mortgage: 20% Down, 5/15 ARM (self-employed, first mortgage)Rent Roll: Full occupancy = $2,050/mo; currently = $1,630/mo (3 units with long-term tenants, studio unit vacant)Roof: No leaks but needs shingles in 1-3 yearsHVAC: One gas boiler, hydronic/radiant heat and hot water; no ACOther: 2500 square feet. 

I am about to dive head first into Multi Plex investing, as I have always stayed in the SFH side of the pool.

With NO contingencies, ie, no inspections, no mortgage clause, etc.  2nd: 65% of market with x down and bank financing.3rd: 75% of market with seller financing.Depending on the 'hotness' of your market and the motivation of the seller, your percentages can vary. 

I found this out completely by luck when I discovered our 4 year old Lennox A.C. unit was blowing hot air.

@Jeff Mills yes our market is hot.