100k and under SFR, or Multifamily

[Eric Rattler]

Hello everyone, Not sure if this has been answered before, but as I begin to embark on my journey to creating passive income and long term wealth, I am constantly going back and forth about which method to pursue. I plan to utilize my VA loan to acquire my first property. I will be purchasing in the Gulfport MS area. As there are many properties that I could purchase for 100k, then later refinance out of my VA loan into a conventional loan in order to reuse my VA Loan to continue owner occupying a SFR then refinance out to keep repeating over and over again. is this a good strategy? seems like people prefer multifamily due to the amount of doors. I also couldn't help but notice the market for houses around the 30-50K range and how lucrative this could be in my hometown of mobile AL. With my current salary I should be able to buy 3-4 of these types of properties a year. I have however seen that banks don't like these small loan amounts, what's my alternative? Save more myself until I can make an offer or search for alternate financing? I have been studying Real Estate and the potential it allows for me to provide a source of income for my children as they grow older. I would definitely be grateful of any advice provided. Thank you for reading!