I've been investing in Albuquerque for 10 years, and I can give you more advice if you are more specific about your goals.JjensThanks Jen, I am interested in both single and multifamily.

I'm still getting up to speed with things, so I can't say quite yet exactly what type of real estate investing I'd like to pursue, but from what I know so far I'm leaning toward long-term single family rentals in the Colorado Springs area.

I am going to be lending to an investor on a single family home.

However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.

@Cameron Gomez are you looking to house hack a small multi family property or single family and rent each room?

I tend to prefer flips for single family anymore although you can still BRRRR just has to be in a cheaper area where the rent/price ratios are a little better.

I only have experience with regular single-family homes as STRs.

But it is very much applicable to single family rental and residential units simply by getting bridge financing and a post transfer cash out refi.

*Soon after, I will be moving to the South, where I will purchase a relatively moderate-priced home (less than $350,000), likely a single-family, possibly a duplex.~ I will most likely purchase the first home (multi-family) using a bridge-DSCR loan combo or a FHA203K (3.5-20% down). 

Detached HousesWhen in doubt, consider the tried-and-true detached single-family house.