All in I expect to be under 260k and with comparable comps from this area I'd hope to appraise in the 330-350k range once finished.

The house is worth 1.2 Million and it cash flows like a beast but at this price range things get pricey at the closing table and for holding costs. 

Main issues are obviously the lack of inventory in my price range (<$700k) and the need to build up a better network of likeminded people to get into that next level of acquisitions ($1m+).

This splendid financial tool provides lines of credit ranging from $2,000 to $250,000, with low monthly fees for six-month loans all the way to 24-month loans. 

And for nearly a decade things held in the range. 

If you are interested in the underwriting process and financial model for multifamily, I recently published an article on LinkedIn that breaks down the end-to-end process that we follow to determine the purchase price range for properties.  

Do you have a price range and neighborhood?

On the podcast David keeps saying that house hacking is the easiest way to build wealth through real estate, advising to add one property each year paying 5% down.I'm theory it sounds great but in reality assuming you buy a property in the 500k range, there's no way you'll be able to make it cash flow which makes it hard if not impossible to actually scale and do this every year or two.What are your thoughts?

From what I have seen in Colorado Springs, the lease only tends to range from half a month's rent to a full month's.Keep in mind, Colorado is coming out of a very anti landlord legislative session and you will have to stay in compliance with the changing laws.

Just depends on what your comfort level and willing to dive in the deep end.If your open to higher price range I would tell you to try and stay in the multifamily since it helps offer more rents per month under one mortgage, tax bill and insurance policy.