Seeking input on exercise analyzing Multi-Family deal

[Thomas Clark]

Hello all.

I am a newbie  and step one for me is saving for a down payment and practice analyzing deals. However, I think my expectations are out of whack and need input on how I should refocus. 

My initial strategy was simple, find and analyze Fourplexs deals in the Lexington, KY (or Bluegrass area) off of Zillow. HOWEVER Zillow returns zero Fourplexes. I don't get it Lexington has a population of  300,000 you would think I could at least find 1 deal to analyze. Is this common? Also since my goal is practice  (while I save a downpayment)), maybe I should analyze any fourplex deal nation wide OR should I just broaden my local search from fourplexs to multifamily in general? I am 100% sure that I want my first purchase to be a multifamily home in the Bluegrass area.

Also I've heard that ZIllow and other housing sites do not contain all property for sale and that I would need to contact a Real Estate Agent for a more thorogh list of my target area's property. Is this true? If so could I in theory call a Real Estate agent and ask them to send me automated properties? Do they charge for this?

[Michael Rogers]

Have a nice day, Bob.