If you just want to buy rent ready properties and start collecting rent I would caution that you don't over leverage as you will only increase your cap ex spending all while eating into your cash reserves/equity.

In some places you can only raise the rent once a year (ie once every 365 days), there may be caps on how much you can increase it and you need to know how much notice to give (30-90 days). 

For example, if you expect this property to be have a CAP rate of 10 after you repair and it comes time to sell, maybe run your numbers at 11-12 and still see if it would be worth it.

It's brand new so there should be very little in repairs or cap ex for quite some time.

You need to pay the bills and get paid, but you also want to create wealth long term.I've invested in markets with high cap rates and a lot of cash flow.

As young adults, aside from the car and a degree in their cap, they aren't given any lump of money. 

Now to brrr the cap rate has to be over 8% which doesn’t exist unless in high crime areas.

My mentor says you can get more cash flow and liquidity with SFH vs Multifamily, since brokers seem to want a certain cap rate on sales accross a geographic area vs when working with SFH sellers, they're more flexible and motivated based on individual needs.What are your thoughts on buying SFH vs Multifamily?

(a Roofer) And that same Roofer can take off the Cap of the gas exhaust pipe, install the storm collar, and reinstall or replace a new cap back on.

I was looking at an apartment building 100 units for 17 million with a 10 cap.