If this property can cash flow and pull the money you invested out (or at least the large majority of it) I would lean in that direction. 

The two SIOR guys I talked with both leaned towards Multifamily If they were startIng out today but the big investors/developers I know steer me towards learning industrial and paying my dues.

I have been leaning more towards the inland cities anyway simply because of the risk of damage factor.

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I currently lean toward upstate NY and MI (Detroit metro) as I live in the west but have family in Canada not far from those locations and the idea of being able to visit family with trips that can double as business write-offs is appealing.

Thanks every body,

In the multifamily real estate sector, I recognize the necessity of partnering and scaling alongside trusted allies, while maintaining a lean core team of around 10 to 20 individuals.

I agree though, I'm really leaning towards keeping it as a rental for at least a year or until I need to maybe include it in a 1031 deal. 

. - Uses permitted.SHARE LINK TO SECTIONPRINT SECTIONDOWNLOAD (DOCX) OF SECTIONSEMAIL SECTIONCOMPARE VERSIONSNo land, body of water and/or structure shall be used or permitted to be used and no structure shall be hereafter erected, constructed, moved, reconstructed or structurally altered for any purpose in an RU-2 District which is designed, arranged, or intended to be used or occupied for any purpose, unless otherwise provided for, excepting for one or more of the following uses:(1)Every use permitted in RU-1, RU-1M(a) and RU-1M(b) Districts.(1.1)Workforce housing units in compliance with the provisions of Article XIIA of this Code.(2)On lots meeting the requirements for two-family use, every use as a duplex or two-family residence, including two private garages.

It sounds like you have a good amount of experience already going for you which is great, it sounds like you could lean on that experience to go out and find some private equity to help you scale.