How is the job growth, population growth and trend of the median income in your area?

I looked into buying a cash-flowing multi in places like Lowell, Worcester and Brockton, places where you can get a solid cap rate and I think are ripe for organic rent growth and appreciation (though markets like Worcester have gone up quite a bit recently).Places in Boston hold value and tend to appreciate, and the rental market is great.

I will have the ability to pull out approximately 200k-250k.

@Michael LuoLinear growth is slower than exponential growth.

Atlanta is a high growth market with 2.9M people projected to move here by 2030.

If you want to be invited to participate with GPs in larger deals, you need to have one more useful skills to contribute to the partnership.Some skills that many operating groups need:- Ability to find deals- Underwriting, proforma analysis, rent comps, market analysis, etc- Due diligence and create accurate budgets- Asset Management- Construction Management- Investor relationsOr, if you have a high net worth, many GPs will provide equity in return for your signing on the debt.All of these things are valuable to operating groups, and if you're really good any one or more of them, you may be able to trade your skills for equity in a deal(s). 

The IRS doesn’t care if you out the money in savings, paid a bill or blew it in vegas.

Once you have you finances in place and have the ability to close then find a property. 

It's a people business and relies heavily on networking and your ability to work with people.

If they do not have the ability to accept residents in wheelchairs, it would be unwise to accept them.Finally, at least in the state of GA, you would not need a license as the owner of the home, but that could vary on your state and local rules and regulations.