From the good advice of other BP folks, I've decided to wait a few months to purchase my first multifamily property.

Depends on the city & airport. 

Is it because it's a 2 bedroom or is it because it's in a better location and looks better in online pictures. 

Most, if not all are in older neighborhoods without a HOA and on the bus line. 

I own a couple vacant lots and looking to purchase more in a small area. 2/1s in Memphis, as far as I know, are as desirable as in a bigger market.

They used to talk about the 2% rule, which was basically a ruse to get you to buy in the absolutely worst part of town where you got 2% on paper and only on paper.

Quote from @Sarah Hartstein: Hello everyone, I am brand new to this website and looking forward to gaining some extra insights on property within the US and beyond ;) I started as a part-time Realtor with Keller Williams in Santa Barbara, California, however domestic sales never really “tooted my horn.”

It was a fun realization so I thought I'd share it here.I purchased my first real rental 11 years ago off the MLS for 108k (put 20% down).

Creative Financing" can mean a lot of different things depending on who you're talking with. 

In a handful of years you've got a few properties, and you're on your way.