If multi-family is this 100 studios in a 50,000 SF building or 30 3 bedroom unit in the same square footage.

I would also not have a 5 bedroom rental. 

4-5-6 bedroom homes with 3+ baths. 

Yes, Kalamazoo. 2 bedroom is rented for the next year. $1300/month, tenant pays all utilities. 4 bedroom one is vacant.

Went and viewed about 10 properties, made an offer on one without a buyer's agent, so that the selling agent would double end the deal and they accepted a below ask offer at a time when prices were climbing.How did you finance this deal?

A three bedroom house for 800/mo is crazy low!

This works with any type of appreciating property such as real estate, stocks, etcDepending on the appreciation rate, you can potentially see asset values double every 7-14 years.Likely around 7 years if the appreciation rate is 8%Likely around 14 years if the appreciation rate is 4%If you buy something for $100,000 and it appreciates to $200,000, you can potentially take a loan on the $100,000 appreciation which would not be considered a taxable event.However, be mindful that you are paying interest on the loan and you have to payback the loan but yes, it would not add on to your taxable income.

Now the living room and 2 bedrooms that just had new flooring put in them 8 months ago are ruined from the leaking water from the HVAC and have to be replaced again.

The closing of this business is what lead me to “double down” on real estate. 

Operating as short term rental by the bedroom, grossing $3500 - 5000/mo, between $500-1000 net.