Firstimer SFR VS Multi regrets?

[Tommy Dodson]

Anyone having enough experience to reflect and learned lessons, wish they'd started out differently than they did?  For example, knowing what you know now, would you maybe started investing in multi family instead of single?  Why or why not?  Any other countering data points that someone could take into account that may be contrary to "old adages"??????

Thanks.

[Nick Eckemoff]

I have a similar concern, however I concluded I it doesn't matters too much. A deal is a deal. There are single family homes that might profit more than multi family and visa versa. It depends on the property and location.

As mentioned, traditional banks will only give you up to 10 mortgages. Cost of each one does matter as to whether you qualify for more, however for the sake of this limit, there is an advantage of having each mortgage a larger $ amount opposed to many with a smaller $ amount. 

Personally, I find that in NC, town home or multi family building seem more appealing as an investment rental properties. The idea ties in well with the narrative of what people want - to rent a cheaper place with reduced 'home maintenance' worry, in a good location (school zone), maximize their money's worth, as to while they are saving up to one day buy or build their dream house. Single family homes are being bought quickly by first time home buyers and often sold over market value because there is a shortage of supply.