I live in one of two small multi family properties that I own.

We work with several small builders in Sherman, Denison, and Greenville.

Instead, there is an option period, with a (mostly) small option fee whereby the buyer can cancel the contract for ANY reason within the option period.  

To build long-term wealth, start small, scale gradually, focus on cash flow, educate yourself, understand financing options, and be patient.Good luck!

Apartments.com is free to use and great if you have a small portfolio.

Figure on a small loan maybe 800/month for 5 - 6 months? 

We recouped our small investment in printing equipment back very quickly. 

Besides my current rent, I still have to pay an additional $1~2000 for the mortgage, etc.Pros:Better financing rates than for investment propertiescan manage it myself to save the PM feehaving my own place without worrying about rent increasesCons:May only afford a small townhome or apartment, not sure if I still want to live there after 5 yearOption 2: Investing in Out-of-State Multifamily PropertiesI could use my cash to invest in several multifamily properties out of state and use the cash flow to cover my rent.Pros:Potential to spread risk across multiple propertiesThe cashflow can cover my rent, maybe have extra leftCons:Additional costs for property managementLimited potential for appreciationHave no experience in managing OOS property, and I am afraid it will be annoyingI’d love to hear your thoughts or any advice you might have.

Small unit in small unit count is the most expensive development.  

I have enough cash in the bank to purchase a small  2bd, 1ba SFR (already cash flowing/w tenant) outright.