Are you looking for turn-key properties or something along the lines of a "fixer upper"?

Lack of Experience - Don't be the guy that says NO, without asking upper management or your underwriter.

Prior to the fire, the property was bringing in around $3,400/mo. 2 upper units were 3bd 1 ba and the lower level had 4 units that were 1bd 1ba.

It does not capture what appears to be recent changes in inventory levels and the effect that may have. 

The college kids who thought they'd get an easy entry-level job at an energy company are recalibrating, but you're not going to see widespread foreclosures or drops in purchase price.

You can EASILY retire with 5 paid off properties in most markets. 10 provide a nice upper middle class living by themselves.

Are you looking for turn-key properties or something along the lines of a "fixer upper"? 

Are you looking for turn-key properties or something along the lines of a "fixer upper"?

Two ways I would recommend are to on Redfin and select the "fixer-upper" home feature to find homes that might need TLC or your MLS might have the ability to search for key words like TLC, diamond in the rough, etc...

Once you have some income/savings hard money and private money is great to get a fixer upper.