The housing crisis saw record numbers of foreclosures of single-family homes in Maricopa County in 2010.

I was initially very pleased to learn that all had been able to purchase multi family properties; I was not to pleased to learn that they all “wanted out”, but felt they were “upside” down and would have to take a loss.  

You could potentially put as little as 3% down if it's a single family home and 5% down for 2-4 units.

We've been doing this for over 20 years and have helped friends, families and tenants get into the game in whatever capacity they need.

Options like a unique amortization schedule or a 3/2/1 or 2/1 stepdown interest rate could provide initial relief to get you through the renovation phase while giving the seller confidence in a structured payoff plan.To determine an entry point, consider reducing the price based on the current NOI.

I agree, but nothing appraises above maybe 250k for a very nice single family house on a few acres.

Unfortunately, it cannot be used for a 2-4 family property, only single family properties. 

Hello, I am a 21 year old embarking on my journey into real estate, specifically focusing on multi-family properties.

I purchased a single family to rent out the rooms and it sent my finical plan completely off course because I was not as ready as I previously thought.

That would be a helpful addition to your plan as you would further reduce your cost of living.Also don’t forget from that $600 you are planning on getting in cash flow you have taxes, insurance, maintenance, capex, and vacancy to consider.With two homes, you may want to keep that extra $20k as an emergency fund rather than spending it on a third property and then be left with no emergency funds.