be very cautious as you vette them.. but you should be able to get into leveraged deals were your consistently making 50 to 100% or more on your cash.. do that for enough years then start to peel into cash flow units once you have a few hundred grand saved up and you just use a little of that... and or invest with a group and buy repositioning properties that have major upside.. don't get bogged down buying small rentals that have no upside its just way to slow of a way for someone like you to get to where you want to be if your smart enough at 25 to be knocking down 135k a year ) that puts you in the top 3% of all wage earners already... keep focused on that.. remember RE is just not that easy to duplicate those numbers without serious value add..those at buy smaller rentals are looking for a 10 to 30 year plan... and they plan on keeping their day job...

After a few months of school and work here in Fairbanks, AK, I'm finally able to invest the majority of my time finding and making deals in the Salt Lake area. 

Even if it is the smoothest divorce ever we find that they almost always need to sell them home.Absentee owners are also good but the majority of the people in your area are also probably looking at them as well.

We currently are providing majority of our services to a company who made a bulk reo purchase here in the suburbs of Cleveland and they are happy with their progress in our market thus far.

Current home value $400k Amount owed $333k (28years left)PITI $2000/monthWill rent for $2500No major repairs needed.

I am not opposed to making some needed improvements, but don't want to take on a major rehab now. 

I know that major chains invest in areas where they can make money, so a Costco, Whole Foods, or Trader Joes signifies a neighborhood getting better while a McDonalds, dollar store or oil change place does not. 

I want to make sure we don't make any major mistakes on our first rental property.

I am new so bare with me; first actual post.I am looking to invest in multifamily properties located in a major city adjacent to a major college. 

What major  replacements are necessary?