@Chris Martin - That one looks nice and is about the ideal price range and also has good reviews.

Bob,What would be my ideal cap rate for a 4 plex around 300 to 400k? 

@Jerryll Noorden, this is what you may call different strokes for different folks.

My wife and I are currently renting and are looking to buy our first house.We've decided to make that purchase be a small multi-family unit - ideally 3 or 4 units, and live in one while renting out the rest.

Will likely try to hold for 2-3 years while the value appreciates back up and save the cash flow, ideally taking the sales proceeds to scale up.Are there any other investors here in the Salem, MA area?

Ideally you should be in a position to purchase a property you are trying to wholesale if you can't find a buyer.

But again, this depends on your audience and who your ideal renters are.

Ideally, for a variety of reasons, I recommend you form your entity first then buy the property.

You're also in an ideal spot for epic house-hacking.

Thinking otherwise is simply arse-backwards, and how our region unfortunately as whole has thought to be the ideal way for far too many decades now.