What should I do? 150k cash & no W2 income

[Obed H. Bey]

I have 150k cash and no W2 income. I'm interested in building through the BRRRR strategy with small MFH (& house hacking) What should I do?

1. Use the lump to Buy and hold a 2-4 Plex and get a mortgage after the fact to continue investing ( is that possible and how?)

2. Wait for a couple months for w2 income to get an FHA or conventional loan to leverage the lump sum?

Side question:

Should I use an appraiser or contractors to estimate rehab costs? Seems like it can get pretty expensive.