Budget is less than within 280k, i don't mind putting 30% downpayment if the area is promising and can attract high quality tenants. i am not expecting high cash on cash return, but won't move forward if it is negative cashflow. 

If you are patient, you'll attract the right people to your team.

Multi-families often tend to be in less desirable parts of town and can potentially attract lower quality tenants.

We were able to add value to the property by not over paying.Using sweat equity to learn and ensure costs were controlled.Targeting the renovations to what would attract good tenants and appeal to the family decision maker when deciding to rent from you.

I can see Cleveland being attractive for better cash-flow and lower barrier of entry, however. 

That is attracting corporations of all sizes to build/grow here, and industry professionals looking to not only buy but rent.

Desirable properties stay rented, are easiest to manage, attract good tenants and decrease your turnover costs, arguably the greatest cash-flow and return killer there is.

Make sure you set it low enough to attract buyers – you may lose some money in the process, but it will sell faster if the price is right.

Hartford is known for its attractive architectural styles and being the Insurance capital of the United States.Percentage of mortgages underwater: 22.4 percentMedian home value: $130,900Hartford not only has a high homeowner vacancy rate at 4.3 percent, which is two and half times the U.S. average, it also has a delinqency rate triple the national average rate.6.

Research successful campaigns and learn what you need to offer to attract investors.