Deals are hard to find because they go so quickly but they are out there.

As a quick background, it is a 4 bed room, 4 bathroom condo and produces about 1200 a month in cashflow.

You can get yourself into trouble real quick if you see an opening bid of 80k on a 250k property but fail to realize it is a second position lien and there is a 200k first position lien in place.

As mentioned above, condition is so important to attract a good tenant quickly.

I’m a quick learner and I’m super driven!

My response, “I’m very sorry to hear that, but rent is still due & late fees apply.”  

A quick answer to your question: you're mostly (not entirely) going to be limited to Richmond city limits if you want to buy a true multifamily property (duplex, triplex, etc).

Quick update!

Hi Nathan, thanks for your response.

Be careful of responses to your posts as 1) Most responders aren't licensed experts 2) many of them will share what has worked for them, which may or may not be legal or the "best" way or the way that will work for you.We manage almost 700 doors in Detroit and the tri-county area, so bounce stuff off us as needed:)