Multi-family of Single Family in Boise or Spokane?

[Joe Buchmann]

Originally I was considering starting with a few single family purchases. I'm wondering now if I might be better off doing a multi-family deal first. I know the cashflow can be a bit less overall, and tenant problems a bit more, but it means only one loan. I would like to get out of my current job, and am thinking that I could secure the loan for a four-plex, or maybe two duplex deals, then quit. 

Also considering finding a real-estate position that could teach me more about the industry, and provide income for future loans, until the rental income can be considered. 

Could this idea work, or am I better off sticking it out at my current job until I have a few homes secured? I'm not even sure if multi units are good in Boise, ID or Spokane, WA at the moment. I've heard mixed info from realtors. Any insight or opinions are much appreciated.

[StacyA McBain]

Cash flow tends to be greater in mutlifamily properties here in Boise. True that number of tenants/tenant concerns are greater, but you also have less of a hit during vacancies, which are spread out. 

Being on payroll absolutely helps with loans - I recommend buying when employed so you can take advantage of the leverage that financing offers. 

Best of luck to you Joe!