We will continue to observe the performance of this property and eventually will build a second house next to it.

You will also be able to show you have good cash reserves, good credit, a W2 (they don't care about job gaps) and you were part of a successful Joint Venture with an experienced fix-and-flip investor.  3.

I can probably point to a 2-4 unit that performed better than a single family, and I can point to a my own single families that performed better than my duplex.  

It is the state capital with lots of economic development driving job growth and demand for housing with a lower cost of living to keep maintenance costs down.To Your Success!

This will set a strong foundation for long-term success and scaleability. 

Those properties won't look as good on paper, but they'll perform MUCH better in real life. 

They require a site plan to get that started.Has anyone had any experience with this and have done it successfully?

The Raymond St project was a resounding success.

You can say it had to be cut urgently and try to get them to reimburse you after (may not be successful but at least the danger to your tenant will be gone and you won’t be sued by the tenant).

I think this is the single most important part of the decision in order to set you up for success in passive rental property investing.