Starting out - Next steps for Scaling Up

[Kendric Buford]

First time posting here, so please bare with me. I'm in a unique position after an unfortunate event, but I'm determined to make the best of it! Currently I have a single family property that I'm renting out long term, which is cash flowing well. I also have a second single family that I'm house hacking. I'm about to pay off my house hack and looking to expand. I like the idea of long term rentals with a property manager; the lower headaches are worth the slight drop in cash flow. I was considering going the single family route and getting 1-2 more properties here, but through various sources, a small 4 unit multi-family looks like a promising way to scale up. I am a little concerned with the leverage for obtaining a multi-family. My secondary worry is that a small multi-family is going to be less desirable for would-be tenants. If anyone has some advice on the subject I'd appreciate it. 

[Jens Nielsen]

Welcome to BP @Jack Weldon and @Kendric Buford

I have been investing in Abq for 7 years and have seen a lot of growth in rents, of course, prices have also gone up.
But I still think it's a great market, and there's a lot of demand. I'm all about using the bank's money to leverage my deals. As along as the numbers make sense and you don't buy in D areas, you should be ok. 

As part of your education, I recommend attending events to meet people and network. There are several Meetup groups in Albuquerque that I would check out.