What do I specifically seek to know wether or not I should even attempt to get this into contract? 

Are there any specific neighborhoods you would suggest looking?

I don't have all the date specifics so if anymore information is requested, I can update but here is the gist of things (just wanted to hear reddit's opinions):Opened escrow on Aug 8th for a triplex in Los Angeles.

Read books on investing in real estate, listen to the podcasts, attend webinars and stay active on the forums while connecting with other investors in your area and pick a niche.

I must have missed it.To answer your question, I was looking at SFR's in a couple specific areas near my house.

It might only take one of those things to potentially wipe out your CoC Return, periodically.If you're concerned about the neighborhood, I'm guessing your property Insurance will likely be double, and your ongoing repairs and maintenance will be significantly higher than 2% of rent, too.People can make money with these parameters - but the local market values are low for a reason.Others may have comments about that specific area.

I specifically focus on retail these days but in the past did larger apartment buildings but they are cap rate compressed now for the most part.To find a broker or agent you need to define what it is you are trying to do.My clients minimum purchase 1 million or higher in price.

You will find tons of information here as well as answers to specific questions you may have.Good luck!

Seller financing isn't always a good option because banks specifically forbid it, because the buyer has to take a deed transfer and that would cause a lien position loss on their end. 

I own my own washer/dryer & can get a microwave if I need to.Things I've had issues with:Tiny bedrooms, terrible lighting, and terrible leasing offices (apartment specific).Things to know:This is for my family.