HI BP,I am currently looking at buying a single family rental property that is currently rented.

Their first project...a neighborhood of single-family homes...yielded a steady 8% ROI in its first year.2.

Investment Info:Single-family residence buy & hold investment.

Another lesson I’ve learned is that buying a single family home as my primary residence to later lease to a tenant is a bad strategy unless I’m purchasing the property at a really low price.

I've seen folks pick up single-family homes here for under $200K, add $20-30K in rehab, and refinance to pull out nearly all their capital.Indianapolis, IN: Indy is another fantastic market for first-time investors.

I was insured through NREIG when it was a single rental to one family but now since I have transferred to room they dropped me.

I plan to invest into smaller multi-family 2-5 unit turnkey properties.

From google: “The Fair Housing Act (FHA) does not apply to certain types of rentals, including: Owner-occupied buildings: If the building has four or fewer units and is owned by the person who lives there Single-family homes: If the owner rents or sells the home without using a real estate agent, and they own no more than three homes Religious organizations: If the property is only available to members of the organization's religion Private clubs: If the property is only available to members of the club Senior housing: If the property is designated for people who are at least 55 years old Even if a property is exempt from the FHA, it must still comply with the law's ban on discriminatory statements, notices, or advertising.

I also live in Orange County (Just north of Fullerton) and am interested in learning more about multi family house hacking.

They could offer different products for single family vs multifamily so it's a good idea to get with a lender to see what they can do that may not be your typical mortgage type.