Although im new to real estate investing and the only experience i have is through daily research. I would first start with building a network. I noticed that you were interested in house hacking so i would definitely pursue the multifamily properties... less competition, free housing and from all of the properties i have analyzed so far the multi-family properties have always provided higher COC return as well as cashflow. Also there is nothing preventing you from doing a little property rehab while you live there. adding carports, landscaping, storage units, driveways etc.. to boost your property value and gaining equity either to refinance or open a HELOC to fund your next investment. also if you're house hacking you will qualify for FHA loans getting that lower interest rate which i have noticed is the primary factor in cashflow. Again i am new to this so make sure you double and triple check your facts. Good luck!