Newbie looking to B&H Multifamily property

[Tyler Gibson]

Hello all!  I'm a 26 year old Vet, current college student, and brand new to the forum, and have been looking into starting my real estate portfolio for about two years now.  I'm looking for a multifamily property (no less than 4 units) within a 3 hour drive from Nashville (Looking at Memphis at the moment).   Ultimately, free cash flow after setting aside 10% into a repair fund will go to finance more investment properties, etc. 

I have about 10K saved up, another 12k in the stock market, and good credit- I just have no idea if this plan is feasible.   Granted, math isn't my strong suit, but the deals keep coming off as "Too good to be true".... So, I suppose the question is "Can it be done, or should I wait 3 years to raise another 10k?" 

[Hadar Orkibi]

@Tyler Gibson  Can i suggest you read this book before you invest: 

Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth.

It is under the BP Recommended reading list, Great read if you want to invest in this type of properties.

https://www.amazon.com/Investing-Duplexes-Triplexe...

Also search this forum for Multi family in the Memphis forum, there are different opinions.

House hacking is a great option, As VA you can buy with lower LTV and lower interest rates. no brainier IMHO at your age. you should buy in the best possible location if you can get good loan terms.

More then 4 units is Commercial lending so sticking to 4 plex is probably your best option.