I think I have really done as much research as I can without drifting into the “Analysis Paralysis” phase.

It's available to watch on facebook, BiggerPockets Money group.There's a lot of money floating around and it's worth it for people to investigate.

I wouldn't jump into my first property just to say I was a real estate investor (not that you are) but because it's a great deal and you're in a financial position float vacancies (especially right now) and have money in reserves for repairs. 

@Russell BrazilA 2 year float is extremely commendable.

There are a few things floating around: A NY times article that made it seem like some huge amazing new break exists for the average investor- it doesn't. 

I prefer owning SFRs and small multi-units over the larger multi-units for a few reasons:On larger deals you lose control due to the syndication.You can't sell to a retail buyer if rents compress (the value of the property is strictly based on the income it produces).A mortgage payment on a larger building is harder to float if something happens (flood, fire, etc.) whereas I can cover the mortgage on one of my single family houses if it floods, and the odds of all of them flooding are very small.Hope that helps!

We had a floating group of 9 guys in a 3 bedroom & but NEVER ran out of beer or good food. 

They want to give me 70% of appraised value for 2 year property but only 70% of Purchase price for 1 year old property at floating interest 5.75%-6%.

Will you be able to float the property for that long on your own?

I am glad to hear that you are fortunate enough to have a Full Time Job that should at least float you through (and you get discounts on materials:).