I'm under contract to purchase some smaller multi's in rapidly changing neighborhoods.   

for the wainscoating you could use the sheets from home depot that come in 4'x8' sheets I think they are 1/8" or 3/16 thick and pretty cheap, maybe 20 bucks a sheet. cap it on the top like traditional wainscoating. for backsplash use either tile or or linoleum. the wainscoating can be put right on top with some liquid nails and finish nails and the tile could be put right on top.

• What are the average rents for the area (there are several online tools that can help you out with this)• What are the schools like in the area• Is the area primarily SFH, Multi-family or commercial? 

I am planning on buying my first Multi family house this fall, did some due diligence and the numbers seemed to be working just fine.

Interesting about Snapchat ... seems they can’t catch a break .. the other day Kylie Jenner made their stock value go down over $1 billion .Snapchat definitely seems like the type of stock that could crash hard in a downturn .

Aside from that you have a multi unit in a class C area.  

Is this for a multi-family or single-family rental?

Jay Hinrichs yes Bruce was a little skeptical on the multi family market but all in all the aspect of real estate actually helping the turn around of the next recession actually made sense in the SFR area.

What’s you budget and what kind of property, multi-family or one family?

I was able to purchase my first home through the builder I worked for at a discount and now I want to start building my portfolio with multi it properties.