Newbie From Bakersfield, CA w/ Question on How to Proceed

[Mark Barnes]

I am a newbie from Bakersfield, CA and I currently have one SFH rental property. I bought my second property in 2013 with the intention of living in it for a year and renting it out, however I met someone, fell in love, and that home turned into our personal residence, so I didn't get to rent it out. Regardless of weather or not we eventually do rent it out, I am now finally ready to get back into the REI game and pursue it regularly, and build a robust portfolio of income producing properties.

My model is buy and hold and currently I am not extremely concerned with cash flow in the short term, but rather focusing on long term wealth, residual income in retirement, and setting up my heirs for the future.  That said I am open to mixing in other models as they would apply such as flipping, straight cash flow, as the opportunities presented themselves.

In any case, I am wondering if I should focus on a SFH acquisition for my next play, or a multi family property. I do want to transition into multi families and specialize in them eventually, but I'm wondering if it would be better to do another SFH prior to establish some kind of track record.

Any feedback you could provide would be helpful.

Regards,

Mark