Should I start out with SFRs or Multis

[Rick Roach]

My son and I are just getting started and trying to determine the best way to get started in the Tulsa Oklahoma area. We would like to pool our finances, time and talent to wean ourselves of 40 hour jobs and invest full time. We need about $3,000 per month for each of us to make the transition and would like to achieve that in 5 years or less. We would have to acquire a lot of doors to get that much cash flow so I was wondering if we should skip the traditional route starting with SFRs and go straight for small multis. Anyone have thoughts or advice?

[Thomas S.]

SFH prices are driven by home owners not investors meaning you will pay more per door. They have higher maintenance costs per property/tenant and are much higher risk with 100% vacancies. Generally speaking poor cash flow.

Concentrate on multies for maximum cash flow per dollar invested unless you can buy SFHs for cash in the 20 - 30K range and get $800 or more in rent.