Additionally, I spoke with a broker last week about multifamily trends in the canton, OH and the surrounding area and he said trends show average price points around $35k-$40k for market properties, so maybe you can find distressed product around $25k a door? 

If I could acquire one of these would it be a good idea?  

I am retired and looking to flip houses for additional income.

You collect fees along the way under scenario 2 as well for acquiring, managing and disposing of the property along with your share of the cash flows.

I would assume that resale for those areas may be pretty difficult, but those areas potentially could be good for acquiring rental properties.

There's also a few commercial investors and lenders in our group who would be interested in working with you throughout the process of finding and acquiring a commercial deal of any size.Once you have some time freed up, we'd love it if you could make it to our meetups!

Now it costs me about $40-$50k out-of-pocket to acquire that home.

For you, it sounds like the turnkey provider is in your backyard providing properties that you could very well acquire yourself.

I'm relatively new to the BP community and this is my first post.I have a multi family investment property that has built up a lot of equity (over $500k) and I would like to use that equity to help me acquire another investment property.  

Additionally, I like the lower down payment with FHA/THDA, especially if you have 3 other people paying down the note.