The cinderblocks are made there, so they are inexpensive.

Houfy is inexpensive and @TrentReeve just mentioned OwnerRez as not costly but possibly good options. 

Winter is creeping up, and for those of us managing older multifamily buildings (especially the pre-war stock with steam radiators), heat season is right around the corner.One small, inexpensive improvement I’ve been testing is retrofitting radiators with covers.Here’s why:- Safety: Tenants with kids or pets don’t have to worry about burns.- Efficiency: Covers with reflective backing help direct heat into the room instead of into the wall.- Aesthetics: An old clunky radiator is rarely the best look.

Maybe you could buy an inexpensive condo with that budget. 

This will be so much better than buying section 8 rentals in bad (inexpensive for a reason) locations. 

This is what I would have done had I not poured out money on Class C Indiana homes (replace it with at least 20 different inexpensive markets but the story is the same, losing money on repairs, tenant issues or both). 

I didn’t think there were properties that inexpensive any longer.

Any new investor looking at buy inexpensive properties to BRRRR should read this and I specifically want to emphasize that to California investors.I have similar experiences, Class A single family home, in Indianapolis suburb with great schools, that I now self manage, great long term tenant who communicates with me, newer home but I did buy it in 2013. 

Secondly, be patient in expensive markets. 

House hacking is a great way to get started especially in expensive markets such as New York.