Every way I work the numbers, it comes out smelling like roses, anywhere between $1600 to $2400 monthly cash-flow, depending on unknowns like maintenance, taxes, insurance, and assumed-knowns like property management and capital reserves.Now, here in California, $350K will hardly buy a 2 br SFR, nevermind an apartment.

The answer to this question depends heavily on that.

@Louis Dobrik that is going to depend on how well you do your research and how prepared you are. 

Keep in mind many mom and pop landlords are very hands on.. and have to collect rent in person.. and as stated above it all depends on your location and tenant base.. like west coast tenants by and large you could automate them.. lower end C D tenants no way.

S -  in reference to the above comments, this can be both a good and bad thing Depending on how you plan to use.

Also, I know it all depends on the deal, but a few of my options are: MFH (maybe 4 plex) in low/low middle class central Phoenix SFH in a nicer area in phoenixDuplex/condo in Lake Havasu to attempt for vacation rentalsSo those of you who wouldn't mind sharing your advice I would GREATLY appreciate any!

This would all depend on finding the deals though, as that is the hardest part.

Depending on the market if you did that with all quadplexes you could be at 16 doors in 4 years (not including traditional investment properties you may have aquIred) with a total of $0 in downpayments its an under used loophole in the system.

for me its usually depending upon the situation.......u kinda got to feel them out and see if theres an underlying issue at hand....but yea never more than 3 business days......but you can tell whos stalling. 

Depends.