I could also do it as a fix & flip, but that honestly hasn't been my focus.

remember the 100+ year old part... its a bit musty, but we can fix that)My goal is to hang up the corporate gig in 24 months (and yes, I said that 12 months ago)... now getting some more doors in the portfolio will actually allow that plan to unfold.

I couldn't fix anything when I started, now I'm mostly self sufficient! 

Greg:    First, do not get discouraged by anyone, someone else is doing it so you can, not going to be easy.If not done already I suggest to look into this:Enforce that PM uses a great website for rental screening, ones with a background check and choose the best tenants possible.Review you leases to close any pitfalls and enforce the lease to the T.Keep the units in good shape and keep extra cash reserves ( fixing + trip expenses )Tiger than normal lookup on the PM ( have second PM line up ), vacancies, unit showing costs, repairs, fees, etc,  require a once a week normal operations report and a once a month full operations report.Family, friend on virtual assistant that regularly drive by the property and reports to you, or if cash flow allows and deem beneficial you can install security cameras and remote view activity on the property, nowadays there are lots of options.Check if feasible to get a home warranty plan for the units so some pain issues are self-managed by the tenant via a phone call to the warranting companyIn which city/state is the property? 

They probably want those eyesores fixed up, and they might be able to provide you with some good information. 

I'll make the repairs get the thing rented and then refi into a 30 year fixed after 6 months or a year.. or I could sell and walk. 

Upon internal review two of their employees agreed with my findings and indicated that they would reach out to Jay to fix the situation.

I wish I had started hen i was as young as you.To fix the picture problem, Just turn your monitor on it side. 

Our savings rate is high but we haven't bought a permanent residence yet.. 1. because our rent is so cheap 2. because we are weighing the options of purchasing a multi-family apartment or something similar 3. because we are a little bit scared of the process.Should we start by purchasing ourselves a home, live in it, fix it up and put it on the rental market or go ahead and start looking for a multi-family unit to purchase with the possibility of living in one of the units & using an FHA 203k loan? 

Small fix ups are ok (paint, carpet, counter replacement etc.), but larger ones are probably not something I want to really get into at the moment (full kitchen remodels, full plumbing or electrical replacements, etc.).