In my opinion and based on targeting multi's, the best cash flowing multi family opportunities are in Milwaukee County, the northwest side or southside...I like the areas right around suburbs but still in Milwaukee County.

Their is a reason why this list is targeted more than any other list.

.- Target properties with no equity (short sale), since people who have equity in pre-foreclosure can still sell their house and payoff the mortgage.

Going forward we have slowed down on the land acquisition side and have started to target realtor with vacant land listings and bringing them our build package, with images etc and selling up front. 

We've had our eye on Madisonville, although it was not our only target neighborhood.

I believe a few are military/ex-military/military wife and are targeting renters near the Navy base.  

Our target market is the 19th ward because UR is right accross the river and many employees and students are always looking for housing to buy or rent. 

I'm currently based in Little Rock and Laramie Wyoming, but my target markets are flexible.

And thinking that real estate will be a fun and profitable diversion in my older years.Have you sorted out a target area yet?  

I'm sure if you put together a solid marketing plan and target complimentary businesses you'll be able to fill it up.