But with  a lot more experience it's taken me a few hours to get it down to approx 35 that we'll be submitting bids on. 

All three of these deals have other Biggerpockets investors participating with us in some way. 

well  before you work with Jack you should treat him like a tenant..pull a credit report and run him through a criminal and general background check.if he balks you have your answer.it always amazes me that folks will jump into these large partnerships with a ton of risk and not even do the basic background on the partner.but rent some 12 dollar an hour person your rental and you would never do it without doing the above.now most folks will jump on here and say brilliant things like RUN  LOLbut lets be pragmatic here and just check the guy out first.. then when you have that info.. go from there.Also be careful on how you deal with the bank you don't want to put in a fraudulent application..

I don't want to go further than 2 hours from the Bay area.

I just came across this article from Calculated Risk (the article is about a year old so here is the latest data.) which suggests that MF demand will start to shrink due to increased supply from new building and decreased demand from those aged 25-39, who will make up the top three age brackets in 2020, who will enter their prime home buying years. 

I'm in Quincy IL, just a couple hours north of you.

The mix is one bedrooms, two bedrooms and three bedrooms.  

@Lesley Ray  I don't know if this will help or not, but since you haven't gotten while lot of response here, I thought I would try to help you.I'm from Ohio (about an hour south of Cleveland) and I am wondering where you got your ARV on the Clifton Blvd deal?  

@Elizabeth Wilson  its far to early in the process.. having done this for many years before it became ILLEGAL in our state the only way we bought them was within 48 hours of the auction and usually the day before.you need big time cash and big time risk and you need to have in at title company that will give you a date down on the phone.. if your in a title abstract state that takes for ever to run title I don't see this as any kind of viable.

Not sure about your present day income but two or three rental properties will go a long ways towards replacing day job income.