I would look to find someone you can learn from, a mentor that you can get some insights from, and potentially partner on a few deals helping with some of your time, maybe some small part of that $100k.  

There are legal challenges, but in my opinion not the best place to be, when the authorities don't like you.   

Conduct thorough market research to comprehend the potential real estate markets, considering aspects like employment growth, population trends, rental demand, property values, neighborhoods, schools, and local laws.

As a wholesaler I came across different types of list of potential leads but pre-foreclosures seemed to interest me the most.

I've been doing quite a bit of research over the last couple weeks and have decided on an area I think has great potential for my first purchase :) I'm not really sure where to go from there, if I need to looking into pre-approvals, find a lender.. or whatever else might be the next step!

Yet, the initial investment might be heftier, and the management could be more complex given you're dealing with more tenants under one roof.On the other hand, single-family homes might spread out your risk and potentially cater to longer-term tenants, promising less frequent turnovers.

Assess the potential benefits and risks associated with each decision. 

Am I better suited getting into a multi-family or a single family home and look at potentially adding value somehow? 

Services for survivorsHarriet's Hope is open to any individual — no matter their gender identity or sexual orientation — who has experienced human trafficking or chronic homelessness, meets CMHA's income guidelines for a housing voucher and is ready to make a commitment to sobriety, Kendall said.Most residents will be identified through the Salvation Army, but referrals can come from anyone, anywhere, she said.What sets the community apart from others is that the services residents need are embedded within it, Kendall said.Services include substance abuse disorder treatment by Alvis, case management through the Salvation Army, gender-affirming case management through Kaleidoscope Youth Center, a computer lab furnished by Dell, a food pantry, nutritional services, financial literacy classes, peer support, employment readiness programs, legal aid, health screenings, child care and more.Residents will start out with a one-year lease before going month to month, Kendall said.

The property is a 6-unit building in Los Angeles.Given the significant difference in current rents vs. market rates, I'm looking for advice on how to legally and ethically approach raising the rents to reflect market value, should I decide to move forward with the purchase.Some additional context: even if I were to negotiate a better (reasonable) price and were to successfully evict a tenant who is 5 months behind on their rent and charge the market rent for that unit I'd still be -$600/month.