I plan to use that 40k towards renovation costs, holding costs, & other expenses.

If you have the ability to purchase instead, buy and hold rentals will pay a lot more money over time.

As a wholesaler I'm wondering as you are, I've recently put a property under contract that is in the same condition, I know there is no room for fix and flip but as a long term buy and hold rental for $5,000 purchase price I would think someone would want to invest.

I'm looking for buy and holds with the hopes of doing flips down the road.I started this journey in real estate to make a better life for my two kids and I.

Not onky that but you can hold on to the cash flow properties till they are paid fully for your retirement so its a short term and long term benefit for both of you guys!

I show them I'm willing to put in the work equity and turn the apartment complex around and if I don't hold up my end of the deal they get back the apartment building.

Looking for both buy and hold as well as potential fix & flip properties.  

I'm an engineer with a background in finance.Would be great to meet a mentor that could lead me in the right direction so I can get started on the right foot.My goal is buy and hold for rental income--build a portfolio.

I took interest in real estate after a conversation with an older coworker not too long ago, and after doing some research both in books and on BiggerPockets, I decided I want to buy and hold apartments and other multifamily buildings.

If you feel like you can succeed with direct mail and get the houses on the cheap, then you'd have to find out what to do with it after you got the property (fix&flip/wholesale/buy&hold).