CapEx is one of the major things I see newbies get wrong and as a result get in trouble over the long term, so great question and I hope this explanation helps ...  

There are some nice areas of the historic neighborhood and I never had any trouble renting there.  

This bottom 30% technically qualify, right now, but there's a decent chance there will be a missed credit card payment, a surprise down payment gift for an investment property (not allowed), or who knows what.And on top of that, probably only about 20% of real estate agents have the mental capacity to understand the advantages of the approach you suggest, as well (and this 20% isn't the top producing 20%, it's all over the place).

@Ryan Jenks  PS I don't know @Joel Owens portfolio looks like but I do know he is a top producing commercial broker who specializes in commercial assets as opposed to most on this site that don'tfor me personally I have owned about 500 C and low B class doors.. and its a JOB make no mistake about it... can it be done yes.. but the closer you are to the asset the better of you are.and mid west multi that are 15 to 20 caps are highly risky

You can be a top producing agent and make 1M in commissions a year, especially where you live man.

MLS access here is tightly guarded and people who share it can get in big trouble (lose their access privileges).

He also asked me for an extra 1000 on top of the 50% I paid him up front a few days into the work because of money trouble.

REI acquisitions will primarily focus on single family and multi-family opportunities with emphasis on cash flow producing properties.

This is the manual produced by the NWFA.

However, I'm having trouble even finding a real estate attorney who will help me draft a note.