Multi-family in an expensive market

[Nicole Brites]

I'm struggling to decide whether to get started now with lower capital, or wait to put 20% down.

Prices in my area are so high, most 2-families don't cash flow. 3-4 family units are typically 600,000 or more, and barely cash flow a few hundred dollars per month.  Between the high prices, multiple cash offers, and bidding wars-I'm unsure of whether to start now with a small down payment, or wait to start with a conventional loan?

Curious how others in higher priced market tackled this question. And the minimum cash flow numbers you'd want to see to invest.