Elmwood village is great but a little pricey for me at the moment, thinking about West Buffalo as well close to Richmond but not as familiar with the areas enough to feel confident (I know it's going into a Renaissance mode but like any city, has its good and bad pockets)For 2016 I plan to buy at least 2 more properties, ideally 1 as a flip and 1 SFH rental, then continue to multiply my output moving forward.Any suggestions, insight, tips, or contacts would be much appreciated, may you all have a wonderful and prosperous day ahead of you.Best Regards,Derek Browning

@Dmitriy Fomichenko thank you for the useful tips!

Biggest expenses will be roof repair, flooring, exterior and interior paint, some replacement windows, and cleaning/sealing the interior due to nicotine stains/odor.

I'll keep the tip in mind.  

The property needs painting and new windows, thus, the 203k Loan. 

@Amanda Davis, installing cabinets, painting, laying tile does take a certain amount of skill, but it is mostly go slow and do it right sort of skill.

I want to thank bigger pockets for the helpful tools and tips without you all I would have never closed.

...came home to find that the guy who plans to paint the place took out all the doors!!

http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessBefore your 1st purchase, please ensure you visit the below link for some tips. http://www.realestate.com/advice/buying-your-first-investment-property/ eBookhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets- community-book Blog http://www.biggerpockets.com/renewsblog/2013/02/09/how-to-start-investing-real-estate-young/ Lastly, don't forget the podcasts, webinars, #askbp podcast and the blogs.

Thanks for the tips, keep them coming!