My biggest take-a-way is that if you have a good tenant, a modest profit feels great, the easiest money you ever made.

Here's the question: Is it a red flag if you find a city that has many multi-family listings that seem profitable, but has A LOT of listings city wide?

how do I determine which market to begin my real estate investing strategy - seeking small multi family units with positive cash flow of $100/unit of more

Hello bp members,I was just browsing at 2am and I came across a town house in the area that I am actually looking to move to in my city.

Biggest things will be some liquid assets, 20 to 30k, some experience with buying a property (some HML will not need experience, but experience can open door to higher LTV and better rates), fair credit, 600 to 650.

Some strong areas I see are Indianapolis, Kansas City, Philadelphia, and my backyard - Chicago.

I have experienced the city, but she never has. 

Obviously the best and most long term option would be to have the city come in and sub meter the property.

I usually pull minor alteration permits if the job allows, so I have less experience with permits with plans, but this is what I budget:   1 month for Arch, 1 month for the city to review. 

The biggest thing to consider on these is Cap Ex.