In Ohio you can find a lot of single family in the $100-200k range or 2-4 units in the $150-400k range that do pretty well cash flow.

Hi Willie, I think it would be best to wait until you have more capital to put down for a multi-family property. 

Quote from @Steven Mendoza: Hello BiggerPockets family!

My family has had rentals almost 50 years.  

Anything single family will require very creative strategies in order to generate cashflow. 

I currently broker LIHTC multi-family for a large firm coast to coast and am also interested in MF in the Arizona submarkets as well, and will eventually invest on that scale - I just figure breaking into the state through SFH flips may be a more risk adverse way to understand the pros and cons to phoenix submarkets.

A traditional single-family rental may net you only $280/month, whereas a co-living setup can bring in over $1,100/month from the same property.4.

If your property is residential single-family owner-occupied in a good area, the buyer has good credit, made a good down payment, and twelve or more on-time payments have been made, you'll be in the lower range.Note buyers, just like lenders, won't go above a certain loan-to-value (LTV) ratio.

We plan to build a cabin or cabins for our family use and an STR.

I am from Phoenix but lots of family from the Seattle and surrounding areas.My wife and I have been doing live in flips since 2019.