Many groups buy cash flow negative deals and overraise to pay distributions right away. 

Last thing to consider is if you are buying a new home, will you want to do 100% financing and will you have the remaining bonus entitlement to do so.

If you plan to buy in your hometown, buy a 2-4 unit, and live in one of the units.

But yes long term I am interested in buy and hold single and multifamily. 

Don’t forget practical items like toiletries, a cozy blanket, and a handwritten welcome note.To balance cost and quality, consider buying in bulk or looking for local products that offer great value.

Dial in your buy box, then be swift/actionable when ready.

And where can I buy it? 

Creative financing to buy deals is another dangerous approach.

The current average rent on the new buy is $925.

It allows the sponsor to buy and sell real estate within the fund as well, maybe doing multiple smaller deals.