In 10-30 mins they have a good idea if they like me, of my character, knowledge of the market,etc.

@Sam ZawatskyYou should buy the houses based on your clearly defined investment strategies.Homebuyers are faced with tough choices in today’s market.

However each defines those differently and treats then differently.ADA = Public Accommodations (restaurants, airportsz hotels)FHA = Residential Real Estate

Define the criteria.

But should all real estate investors have such defined strategies?  

Sounds like you need to open your mind to the possibility of a deal near you (however "near" is defined for you).

If it's for a rental, historic is great for short term. typically the historic homes are in the best and most walkable locations, and guests like the "character" of the home/hood and walkability. 

@Bill Schrimpf As in most things in the tax code, it all depends on how you define your terms.

@Michael Bridgett, I would only allow a licensed and insured contractor free access to an occupied rental and even then probably only if I personally knew them to be of good character or if there was a situation where nobody else could be present to let them in.

Some things I am looking for: - $350-400K price range- Positive Cap rate (haven't defined a % yet but maybe 3-4% would be a good start- the higher, the better) - Multifamily property (du/tri/four) - Property management company to manage- Military vs. college studentsThanks!