A player is risking his whole capital every minute during a poker night. 

An amount sent via email in a spreadsheet, 2 days after the date we agreed I would receive payment, was equal to 12% of the net profits...Vastly different from the 60% split I was anticipating after rehabbing, managing and selling the property...This calculation included doubled the closing costs, recouping revenue and expenses that were already subtracted from the HUD/CD.

The next time some non-landlord posts in this forum about how bad low-income -housing fixer slumlords should feel for taking advantage of our C/D-class tenants, I'm going to try not to jump down their throat, but no promises. 

I had been holding on to this money for a couple of years hoping to get a multifamily , but the prices in NYC are just crazy right now, I feel that we're in a bit of a bubble, and it came down to a choice between keeping it in a 1 year CD and generating 4K,or paying off my mortgage and saving 8K/year.

Networking groups are also a great way to gain exposure.Break through the “Rookie Wall”This sports metaphor refers to first-year players who suddenly stop having the kind of success they did before they made it to the professional level.

Find the key players who are actively buying properties.

I hired a PM in Cleveland area and he gets 12% because he’s helping me manage a duplex in a c/d neighborhood.

@Carson Kesner,It depends on the type of rental, if it's a C-/D rental, I'd suggest going cheap-- people want cheap rent, and do what you can do, to give them what they want... but also think long term, and what will last to give you the best return on the long run.   

I’d narrow your search to one maybe two max and seek to build relationships with the tips @Theo Hicks provided.It pays to be a player in the market so breaking in will cost you more at first than those who have been there before you.

The building is in a c-d neighborhood, although the street it is on is better than the other blocks due to less traffic.