A condo in myrtle beach can preform well, but a condo in The Smokies is not ideal. 

I'm in the process of doing it for one of my buildings, and I think that's the first ever.Definitely, buildings where buyers can't get mortgages would be ideal.

Hello,I'm relocating to Sioux Falls, SD for at least a couple of years and am looking to buy a fixer (I like to build in equity and my wife is an Architect and Project Manager) to be our primary residence, then rent it out if/when we move away.I'm an experienced real estate investor (buy + hold for rent) but don't have a team anywhere near South Dakota.Would appreciate referrals for:Real Estate Agent (ideally experienced in income properties but I've checked out the purchase and rental markets in Sioux Falls remotely and really just need someone for showings and the transaction)Inspector (someone extremely thorough - I need to know exactly what I'm getting into so I can plan and budget properly)Contractor (looking for licensed, bonded, experienced, inexpensive but reliable - I'm willing to pay more for durable and low-maintenance rehabs and renovations)Property Manager (I will no longer be living in the area when the property becomes a rental)Handyman (if I don't find a Property Manager I like, I'll manage remotely but will need someone who can respond to urgent and/or low $ maintenance issues - I'll remotely hire trades to deal with bigger issues.  

into one pot and move on to the next project--ideally a multifamily. 

Ideally I would like to find a small multi-family unit (2-8 units) in a B/B-/C+ neighborhood, but am open to a SFR in the same type of neighborhood as well; most importantly, I will also need some recommendations on property management companies since I am out-of-state.Thanks in advance for your help!

I am biased but Rochester, NY has been ideal for the type of investing I wanted to do.I wanted to have 15-20% cash on cash returns. 

Once you've figured out which areas you want to focus on, you might want to go for a first-time-home-buyer type home that you know will sell fast and ideally get one that doesn't need a ton of rehab so you get it back on the market quickly and don't have an extensive rehab to try and manage, which is less risk, HOWEVER, these are the deals that most investors are looking for, so a fair amount of competition.

Real Estate Investment could be an ideal career for you and a good thing for you to do.  

I know $200/unit is ideal but what I've been seeing is much lower,  which is what confused me. 

I deal with it too- try it on 10+ houses.