Class B neighborhood, mainly a family town with large homes around it.

@David Dachtera, my main goal is cash flow, which the property does fine on.

I have seen several fires from people trying to draw their main power from an extension cord.

But there was a huge crack in it, which was allowing the mold to harvest (with the addition of the leaking water main, which he did not notice either).

What I'm mainly looking for in the beginning is to provide some passive income from rental properties.

I remember reading an article on here not long ago, can't recall the title, but the main idea of the article was that with direct mailing campaigns, you can expect to receive about 5% of the amount of the initial mailing to contact you and that you will only close on about 2% of those deals.

@Justin Lee At this time we are mainly focusing on out of state investments, mostly buy and hold with some flip opportunities.

I chose 2-4 units mainly because of the area I buy,  In Chicago there are:445 SFH for sale with an average price of $1,150,000195 MFH for sale with an average price of $560,000In the area I buy in Milwaukee:79 SFH for sale with an average price of 52,800121 MFH for sale with an average price of $72,000In Chicago (North Side) it is just not feasible to buy SFH - in fact, our housing stock is less than 20% SFH and more and more you are seeing MFH be bought and converted to SFH for flips because they are so much more money.  

Just starting out in my investing career and my main focus right now is going to be wholesaling.

Downstairs: gutting and opening up the kitchen, adding a dishwasher, gutting and enlarging the main bathroom and gutting the 1/2 bath, enlarging the master bedroom closet, adding laminate floors and new paint.