Quote from @Sharad Bagri: We are a few friends from California looking to invest in multi family real estate in Ohio.

It is multi unit so can’t use a lockbox for these cases.

With that cash, you can scale up and move into those multi-unit properties you're eyeing.Just my two cents!

Investment Info:Large multi-family (5+ units) buy & hold investment.

So I would like to get some help from people who are actually investing.I am aiming for a single family home or multi family home and I am constantly looking at properties around Austin TX.I am looking north of Austin to Dallas and south of Austin to San Antonio.However, Austin is not easy to find an investment property that generates cash flow considering the cost of rehab.Can you give me some advice on my first investment?

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

The type of property that i am most interested, is Single Family properties & 1-4 Multi-FamilyInvestment Strategy: Out of the options you provided, I am most drawn to rentals.

That will give you the most income and when you house hack and it will be cheaper than a multi-family property. 

It offers features like Automated rent collection (Tenants can set up auto-pay) and you can receive payments directly into your account without any manual tracking.

However, you could look into a second multi-family in the meantime as long as you have a decent downpayment.