I was 25 and my wife was 23 when we had our first baby.We fell for the “American Dream” and bought a single family home.Oops.Terrible mistake.Yes we have equity in the home but we could have equity AND cash flow.We should have bought a multi and then used our cash flow to buy ANOTHER multi.From there generate enough cash flow to pay for the LUXURY of a single family.Supplemental income is a very beautiful thing.Is it pretty and attractive in the beginning years of marriage and children to live in a multi?

I suspect someone like Tricon or Starwood Homes will take this down in one fell swoop.  

@Ryan Garant I fell you on having second thoughts it is wild to see the prices and think you will make money.

An old family friend was selling properties and this fell into my lap... just a no brainer great deal.

Demand for higher-priced single-family homes fell a modest five percent over the month, exceeded only by the drop in the already-weak lower-priced single-family segment.

So my lender was lagging a lot and therefore me and the sellers agreed to postpone closing date twice (we signed anAddendum). Now the official close is set for next week. This is about 50 days after signing the init...

For me its running numbers on deals (I fell off that a bit but am working on getting back into it) and getting on these forums.2) get around elite people. 

We had a 5 unit "monster-house" in escrow that we were supposed to close on this coming Friday. Our lender okayed us getting another 5+ unit property and we were going through the motions of getting the mortgage. On T...

Long story short, this fell through, and I was extremely discouraged.

Long story short, this fell through, and I was extremely discouraged.