It’s a longer-term game, though, with higher upfront costs.I’d say spend some time researching your target area and connecting with local investors or meetups—they’re goldmines for market insights and networking.

After buying these new rentals, he will still have about $90k in cash to spend on upgrades and furnishings.

There is a lot of information on BP regarding being a private lender and outside groups taht have a lot of support in this space.

I've always believed in the saying that "there is nothing wrong with any deal, as long as the price is right" lol.This might sound cliche but all of Cleveland can cashflow if you buy cheap enough and if you buy with cash.And cashflow it can very well.Just like all of Ohio.You make money when you buy and not when you sell.So make sure to buy dirt cheap.Buying cheap also "acts" as a margin of safety for any mishaps that happen during rehab or issues like the OP had with the first property manager.I see many folks nowadays buying off the MLS and overpaying, spending too much on rehab and then getting dimed to death by property management.While I'm sitting on the sidelines as a turnkey provider watching it all un-fold and thinking how they just could have bought my "overpriced" turnkey property and would have been into the deal for at least 30% cheaper...It's a shame but it's what the people want, so many give the people what they want.Thanks 

That being said due to the number of sharks out there I would only spend money that I can afford to lose. 

To the nuts and bolt question of what defines occupancy, it is the place you reside and spend the majority of your time/nights.

After spending the past two years learning the ins and outs of underwriting and analyzing deals, I’m ready to take the next step and acquire my first multifamily property (20+ units).I’m looking to connect with like-minded investors who are interested in partnering on this journey.

Just make sure you are not installing this in lieu of linen closet if there's space restrictionsExterior: Landscaping, Fencing & Walkways: Don't have to spend a lot on landscaping but make sure yard is fenced, clear of debris,  private and secure.

These can be great for making initial connections and learning about specific markets.Since you're thinking long-term, consider spending some time in your target markets to build relationships with agents, property managers, and contractors.

Try looking for lower priced mobile homes on private property that need to be moved.