Hello Nithin,There are bunch of suburbs that are great places to invest and if you can find the right deal they can end up being cash cows or money pits.We have several buy and hold properties in the area and are still in buying mode.

In my opinion its best to have an influx of sfhs and multi's.Yes in the midwest rust belt states you can find these homes dirt cheap and some are money pits but on the other hand some are cash cows and u ge them at great prices but what im also finding is that if you're wholesaling them some are hard to get rid of.I say you really have to have a good team either way it go though.Never buy sight unseen thats for sure,I have a friend of mines that has a 6 unit that he paid 1k for in Dayton Ohio right now and unloading it for 6k so these deals are readily available,also take in mind these are alot of areas where arson in pretty rampant.But theres risks in every deal u make,no deal will be foul proof.Dont get scared of talk to other investors,Theres some investors making boat loads of money off of these same properties in the hood where the suit and tie guys wont even get down and look at.For the same price you get these sfhs at you can get multis at the same price period.

Cows might get thirsty...I personally would buy the whole thing and parcel out the homestead and maybe even the pasture (if possible) and mark it up a bit.

mobile homes are cash cows if you buy them right.

@Carl Carlson ....and that's how the cows came home. 

If they are first-time home buyers a great gift is the Readers Digest Do-It-Yourself home fix book. 

Advice will be digested and implemented.

There is tons of valuable information here on BP, so please take your time and digest it all.Start Here First....The Ultimate Guide to Real Estate Marketing: 10 Tools to Generate Unlimited Leads

You either need to be faster to the punch (relationships with listing agents who know you are an active investor, passing you properties before they hit the MLS) or hit the motivated sellers (which could be the properties listed on the MLS for a long enough time that the seller wants out).The right purchase price and down payment will turn a lot properties into cash cows. 

If you drive a lot the podcast are a great way of passing the time and start the process of digesting the content here on BP.Start Here First....The Ultimate Guide to Real Estate Marketing: 10 Tools to Generate Unlimited LeadsHere is another good place to start by reading some top blog posts here on BPhttp://www.biggerpockets.com/renewsblog/author/antoniocoleman/