It is possible to buy a multifamily in DC depending on your budget.  

But it's certainly gotten tighter.

I'm looking for a little guidance for direct mail.  We just sent out 1398 post cards this week with no results.  I know direct mail works, what has worked for you?

You would probably have to budget for longer holding periods on a flip like that though since those properties tend to not move as fast

Fixable, but way more than I had budgeted for repairs.

For air conditioning in this scenario, you could install a ductless heat pump if there is sufficient demand.Regardless of your choice for heating system, you will get your best bang for your energy efficiency buck by improving the building envelope (air sealing, additional insulation), which may necessitate the addition of a ERV/HRV to maintain air quality in a tighter building ... but it may also allow you to use a smaller boiler/furnace to condition the building.

The monthly PMI would be around $300 for the property+203k loan amount.The PMI assessed from the 203k rehab budget would cost me around $25 a month, and the addition 0.3% would cost about $100 per month.

I am budgeting $30 per month for repairs and upgrades right now.

I am budgeting in a property manager to handle the investment.

Of course when I am in the position I plan to make the appropriate contributions to my parents as I see the value and necessity for me to practice budgeting as well as to show gratitude to my parents.