Start with a small, affordable single family house, fix it up a bit to make it appealing, then get it rented. 

The most affordable areas that most would consider "Class A" are near the University where the most multifamily in the county exists.

I normally have them sign the Information About Brokerage Services if we meet up and ALWAYS have them sign the IABS and a non representation agreement if we agree on a price and I get the house under contract.

My goal is to pay a fair price for good service and not be taken advantage of.

I am here to extent my services as a Buyer's Agent, Listing Agent, Investor's Agent, and Property Manager to anyone who need help or even just advice.

Like to learn about your investment services for some of my clients. 2.

I would not have bought this to be a rental property, since the numbers don't make sense.The risk of renting it out is that the house condition continues to worsen faster than we can afford to fix it, or yet more problems are found.  

What about people who got foreclosed on in 2008 that are just now starting to be able to afford a home again... does that saturate the market with more demand in the short term?

@Alisha SolacheIf you can find an investor who is looking for an assistant, you can offer your services, if you have any research/office skills.

If you can afford 20% down and qualify for a conventional loan then that would clearly be a better option, however if one or both of those are problems then the seller may be justified in their loan terms.I personally would not lock up $70K+ of my money for 20 years for only 12.5% interest.