Try asking yourself these questions:Do you value more privacy and a traditional home feel (single-family), or are you comfortable with potentially closer proximity to tenants (duplex)?

@Ally Alvarez how much stress are you comfortable with?

My engineer did briefly mention to me this was a risk but felt comfortable defending our position based on our compliance with AASHTO and we never discussed again.

Be patient and wait for a good deal, but also keep in mind that there's value in the experience you'll gain from doing your first deal and getting comfortable with the process.

Would I have bought as many rentals as I did in the last 10 years with 7% interest rates, probably not; but as with most things timing is everything.Everyone's comfort level will be different.

We are wondering what advice we can learn from experienced investors, agents, lenders, etc. here on the BP network and to know if we are even in a position where we can comfortably get started. 

Walk through every step and make sure they are comfortable By following these steps it may take a year or 2 to become expert in your market for you to start investing  

I've built around 1,000 homes over the past twenty years and I would not be comfortable building your project. 

If you aren't doing this with an LLC or other company, then the money is "still all yours" - you can freely do as you please with those funds (once the rents accrue enough for you to have a comfort level).I would suggest you contact a good accountant (CPA) knowledgeable in real estate matters to assist you with starting up your accounting system for this rental.

Thank you,I'm new to this type of investing (more familiar with buying businesses) so I'm cobbling together information from brokers, chatGPT and everything in between to figure out what I need to (at reasonable cost while controlling risk profile) complete an acquisition.Facility is in rural Kansas, and is composed of a portfolio of 4 buildings on 3 parcels. 195 unit count - ~10 years old on average, some are newer (2 years) others older (15+ years)I'm trying to learn what I should watch out for in the process and what studies will be needed to get a good level of comfort before acquiring the facilities