I am extremely new to the world of RE investing.

Your advice is extremely helpful.

Know your area extremely well from a rental law/registration situation, know the players (PMs, contractors, inspectors, suppliers, etc), attend meetups or start one if there is not one in your area. 

While I absolutely agree with the two Gentlemen who said buy a fourplex and put 5% down as your primary, it's going to be extremely difficult to find anything on market that's affordable and even harder to find anything off market.

Property Management of long term rentals takes very little time and someone with an extremely demanding w2 can still easily handle managing several units.If you are in tune with your market, you can likely get better/higher rents on your units than property managers would.

We have a great rental market, the state is extremely landlord friendly, and the price points make much more sense than some of the other markets you're looking into.

There are so many more single families in every market and in newer markets multifamily can be extremely scarce though I have heard how certain areas are encouraging ADUs to aid in the housing shortage. 

It is extremely important that you find competent people to work with in this economic environment. 

In the regional market, it is vital to have a true understanding of the local geography.

Really Feel like I/we have nailed down that best balance of Price/Roi/location here in Metro Detroit My rental portfolio is here and performs extremely well with minimal headaches.Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)Basically 1.2-1.4% dealsWe have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.