Young, have the cash inflows, short on time

[Joshua Kim]

Hi guys,

Young guy here with a very unique position with real estate investing capacity.  I just turned 20 and I have 2 businesses that are netting me an average of about $35k+ a month, combined.  I have good credit, less than 3-4k/mo in revolving card debt and personal overhead of lower than $2k per month.  Running my businesses takes  a LOT of my physical time, and I'm usually having to fly around the country for various obligations. 

I have a reasonable amount of time, mostly in evenings, to review property deals or read up on RE investing tips.  I've leveraged SBA 7a capital before to purchase another business, so I understand how to get a business loan put through, some of my friends in RE told me that I'd find RE purchases fairly easy after that. 

My questions are this:
If my target Cash-on-Cash ROR is 15%+ and I don't have a lot of time to physically be places to see/manage or inspect properties, what's avenue should I look at, SF or Multi family? I've had some friends already in RE suggest looking at 2-3 smaller markets, just buy cheap SFHs and install a property manager to run 10-20 of them in each market.

The other line of thinking is just going with some multi family units, 2-3-4s and going from there. 

As far as financial questions, since I don't take a traditional W2, what sort of financial ratios will be looked at for bank underwriting? My last 2 tax returns don't show a substantial amount of income since I run everything through my business, but I have good financial details on my businesses.  My SBA bank weighs the business performance for 90% of their underwriting so it hasn't been an issue for me so far, but I know mortgages are different. 

Any input appreciated!