I'd love to eventually acquire one of those $1,000,000 multi-family Charleston homes and maybe even Air BnB it!

You need to sit down with a competent attorney in California that also has Real Estate Law expertise in the states you intend to acquire assets in.  

Has anyone here acquired a 4plex, then Lived in One of the Units, Rented out other Three?

Was able to acquire and slowly renovate my first buy and hold multi-unit at 26.

@ Tim Saboha you must not have ever read any of the previous lazy landlord postsThe series is mostly dedicated to the novice DIY person Strategizing how to tackle jobs that are do able but can seem dauntingThe first where I painted one of the same houses that I am now considering farming out.The lazy in lazy landlord is tongue in cheek.Although I am prepared to do what I can in a property as I acquire more It becomes less efficient So the series evolves as my business model evolvesPerhaps I will paint some and not othersAnother thing to consider A great painter can make a house look stellar where as a novice can make it look quite cheapI have an extremely high standardMy apartments usually are the best in town for the money.My profile pic is my latest apartment By the way I did the floors.So don't take me too seriously In just doing my part to share my experiences in he forums 

I'm thinking the cheaper row houses and townhomes, that can be acquired from 5000 to 25000.  

Basically our construction and homes we acquire will be through our business and I'll list them through the RE office.

I started this adventure 14 months ago and have acquired 3 rental properties with 5 units in the Dixon, IL area.

Once I acquire the property, I then rehab it and start to find a tenant.  

My goal is to acquire as many 30 year fixed mortgages now as possible on condos and townhouses that have a good cash flow, decent set of tenants for ease of management, and low risk of going down in value (higher appreciation would be a bonus).