I have plenty of clients who go larger multi family units like you described.

I've seen some logical points made that under estimating Cap Ex may not be realized until many years later when a few larger than expected expenses eat up years of "cash flow".

@Andrew Owen, if you are going to put the effort into bird dogging deals like that you want to have the tools in your back pocket to take down any opportunities you find!

I also own a larger 12 unit held in LLC.

Orrr I could sell it and get about $150-160k in cash to invest in in stocks or in a larger property closer to my current residence.

Would either of your rooms allow for a bed larger than a full?

Very saavy for you to stay in the studio and rent out the larger portion.RentRedi should get the job done for tenant screening.

They were major drama queens, I fixed their cars, fed their dogs, shuttled them around etc.

I am much more into forced equity and getting into larger projects myself, but I live right here and have built an excellent team around me.

Why can't you start with some smaller residential or small multifamily commercial properties to get your feet wet, show proof of concept and possibly try to take on larger deals.Or possibly find a local syndication group and become an employee under them learning the trade and finding a mentor in the space.