The best tip I can tell you is to find where the old people live, like a lot of old people, then find the homes that are just wrecked, count them and keep the addresses handy, you'll then want to find a piece a land or a lot nearby that can accommodate a 10-12 unit complex.

We all know companies come and go. when things go bad, people are let go. if you get laid off and there are no other options nearby, you might have to come back to where jobs are.I can see people moving to cheaper nearby areas such as Eastbay and down to Gilroy. 

Moved back home to Austin Texas and I am looking to get my first property under my belt and I think I want to lean towards the multiplex side of things any nearby austinites or and advice I’m open to listening.

Where I live, oilfields are nearby.

Hey @Robert Wright I was born and raised in Winston-Salem (Winston) and currently live in near by Oak Ridge. 

BPO's are next to worthless, just look on Zillow and find others that are similar nearby houses. 

Maybe you can find one near by; where you can invest only a small dollar amount, perhaps with a partner; and with a clearly defined exit date; so you can get your feet wet.

Find that investor and buy them coffee to get the inside scoop.

Stating a property needs a lot of work does not provide perspective on if the pricing is accurate.What are other similar properties in similar condition selling for near by based on both a cap rate and a price per unit basis? 

I have gained a small amount of traction by convincing them to sell me a small lot in a nearby town for $500 that is due to be re-zoned soon and be part of a neighborhood.