Buying a condo seems like a huge waste, whereas multi-family gives some cash flow to neutralize my monthly payments.

Investors thought they could extend their debt, but that doesn't appear to be the case with what has happened to rates.This cycle would have been a disaster if our banking system was in the same situation as 08. 

when underwriting a property a good rule of thumb would be to set aside ~5% gross income for each Cap Ex, maintenance, and vacancy. (15% total)I dont know much of the market in TX but in central MA i work with a lot of investors that are interested in acquiring multi family properties so that's mostly what i deal in. 

My biggest advice is to start investing where you have a good network of people you know like and trust...this especially holds true if you will be investing out of state.While it's not impossible to go straight to the commerical I personally found it easier to start in the residential world and then make my way over to commerical multi-family. 

Another great option would be Lakewood and they have a great school system. 

I’m aware that the process of getting a conventional or a FHA loan is a bit more strenuous as a 1099 and wanted to know the best course of action I should take as I’m trying to purchase a small fixer upper multi-family investment property hopefully by 2026.

Hi everyone,I'm looking at a variety of multi-family homes right now and I found an interesting MFH.

I was going to have to have the third floor sprinkled and have a commercial fire alarm system installed. 3.)  

These loans often have flexible terms, can be held in an LLC, and can cover multi-unit properties.

As far as I've been told, there's never been any issues with the systems.