For this type of a question I would suggest posting it in the multi-family forum. 

Starting with single-family and small multi-family properties is a smart choice, especially out of state.

Maybe you pivot into a multi-family in Phoenix or a single-family in Omaha.. from what I’ve heard they can still provide stable cash flow.

Matthew,Am just starting to invest in multi family space, realistically up to 50 units.

Start by researching the market to choose the right city and property type while understanding the local economy.

They can guide you on tax advantages, asset protection, and multi-state strategies.A HELOC is a smart way to leverage your equity—ensure your financing structure aligns with your long-term goals.Since you plan to add multiple properties annually, consider setting up bookkeeping and financial tracking systems early to streamline your operations.Best of luck with your BRRRR journey—it sounds like you’re off to a strong start!

For overnight rentals, functionally it is a bedroom.

You have the flexibility to show your own units and manage turnovers, etc.I see a couple of nice multi-family properties in your area for sale.

Then focus on improving your interviewing skills to help you build a solid team on the ground wherever you do choose to invest.

My suggestion is to build a spreadsheet and include the net cash flow to you for every month of the deal, then use the IRR function to figure out your return.