An up and coming neighborhood versus well established would be better long term.

Depends on the neighborhood.

Is it in a neighborhood on the lake?

These conversions are common where ever they built ranch style homes!

Anything bigger and in a decent neighborhood I usually look to flip.

SFH or MFH is OK.I am considering the following:MLS bank ownedMLS short salefind my own short saleaution.com style fake auctioncourthouse steps auctioncounty tax auctionI have about $90k cash and I want to buy a property with the best cash flow possible for retirement income.

One great tip from him that I remember: Walk around the neighborhood of the complex or building you're trying to buy, and just talk to people you meet and ask them about that complex.

(Just kidding there, don't join the hucksters doing that in lousy neighborhoods.)Another option is to do lease-options in these areas and get a cash down payment to put SOME money in your pocket up front.

I would start by getting a realtor in the area and ask them to show you properties and find out about the neighborhood.

I started in lower priced neighborhoods.