@Preet Oberoi Purchasing a short-term rental (STR) or tiny home to offset W-2 income with depreciation can be effective if structured correctly.

Step 1: Ensure you can get financing (is it a cash purchase or will you need a loan). 

I think if you just attend any group, you'll find investors that purchase remote and local and you'll be able to learn.

The best I've seen for STRs is 80LTV on purchase and 75LTV on cash outs. 

The only additional thing that needs to happen is make sure appraiser makes note of why the value increase in as is vs previous purchase price.

Equity earns 0% interest (inflation will destroy your purchasing power) your real estate investment will Appreciate or Crash regardless of how much down payment you put on your home.

This will be my first home purchase, and I am aiming to invest in multi-family properties.What should I be aware of when purchasing a multi-family property?

For an investment property (purchased as an owner occupant), that is insane. 

Typically starting with a smaller rehab budget of $50K or less (maybe a max of $75K) and avoiding a 1 to 1(or higher) ratio of purchase to rehab costs is recommend when you are first starting out. 

So pretty good equity position within a year plus cash flowing well based on a $325k purchase price.