either where you live, or a couple hours from where you live, or where you have family, or where you like to visit, or where you went to college, or whatevera lot of times choosing a market based solely on ratios or numbers goes poorlyhope this helps

One of the reasons I'm looking at Multi. 

New to the BP forum and joined out of curiosity for a hypothetical scenario.I know everyone's situation is different, and everyone has different needs and priorities within Real Estate.So I was curious on one of the many situations one might find themselves in.In this scenario I wanted to ask if a HELOC on either your primary or an existing rental property out of 4 total properties would be a viable strategy for acquiring practically " turn-key " Multi-Family rentals?

Massachusetts multi's has been interesting this year.

.: Quote from @Greg Parker: Just work it out with multi-member LLC's. 

You can find good multi-family that cashflow under $200k for sure.

I have property in Kansas and Massachusetts and have a Kansas realtor’s license.I’ve always been into single-families but now considering small multi-family.

Once you have a short list, get an account with each one and run them through the wringer to see how they really function.

But with this being a 5 unit multi-family building most lenders do not offer a loan product that will take the STR revenue into account. 

We have done this for over a year now and this strategy has gone really well.We are very experienced in the STR space and understand that getting bookings is multi-faceted (ie. listing photos, reviews, amenities, PRICING, description, seasonality, etc).