Then there is a sort of echo chamber where social media spreads this idea to more and more people and somehow it becomes realistic. 

Also, it sounds like you are in a great time of life to rent to roommates - I don't think you would regret figuring out a way to do some sort of house hack like that right now!  

If you are buying large multi-family, I would follow larger developments so your investment has a rock to support itself.

I agree with Afra at that price point it's best to start with flips that have $15K - $30K rehab budget to gain some experience and get a good team in place and then work your way up to larger rehabs with higher ARVs!

Same guy handled a triplex rehab (the one with the theft), and that's where he took money that he simply pocketed or used in some sort of Ponzo scheme to pay off other debts (I have no way to know, but the money did not go to contractors or to continue work at the site).

i’m looking to buy another four Plex or larger in the area I’ve moved to.

Here are some suggestions that you might want to try out to start meeting the type of people who would have the track record to help you take down a larger Multifamily property.

I keep it updated with all sorts of local stuff.

Madison is also poised for larger developments where you can rezone land and increase density.

Mostly appeals to larger family units but we've had traveling nurses bringing their family, folks needing a place for outpatient surgery, also people between moves, etc.