With oil drilling ticking up, the skilled construction worker type will be choosing whether to work in the oil fields or rebuilding Houston. 

You have come to the right place...here you will find all the resources to get you going towards your investment goal. yes, market is hot right now, so finding a deal via MLS in Chicago north side is hard...but you can still find deals if you act early and not look where everyone else is looking...or find properties which need work, get them rehabbed and then refinance out...House hacking via FHA loan may also be a good idea.

Shortly thereafter we purchased another duplex with a garage and shortly after that another duplex.Just when we thought that was it for the year having a goal of 50 units that I was leary of hitting, our broker called and said, hey I know where there are 12 more units that you can pick up for a reasonable price you just need to make an offer on them.

After paying in additional 10% in Principle.Mortgage will go down to 1290/month.I realize there is a negative cash flow to start, but im thinking the 15k in equity off the bat and highly recommended tenants making rent payments in the 1st month is worth it (no waiting a month or more to find a good tenant.)Main goal is buy and hold.

My goal is to get 8-10% net cap rate for a long term (20-30 years), I'm still considering few strategies, To invest in a big and stable city like Jacksonville to buy a old house (1960-1980) in not so good neighborhood and give it to a property management company to take car of the properties or to go to a medium city like Gainesville but will still need a local property management or it will be better for me to invest in a new construction in a small city like Ocala (I know there is a lot of development in the area) and I can also manage it myself.

In CA, you won't be accorded that, we modify our formula here as MAO = ARV - 10% ARV(holding/selling costs) - Profit Goal - Purchase Price.

What is your goal with your first property? 

Same goal. 

Look into foreclosures in your local market that you can BRRR (if you are interested in buy and hold) or flip if that is your goal.

Jorge, it all depends on what your investment goals are.