Multi-family properties many times provide a better return per square foot than single family, which would be to your advantage as well.As long as you're mindful of the reinvestment requirements and purchase at least as much as you sold and use all of the proceeds, you shouldn't have any issues with this strategy.

Year 1, I intend to keep my W2 job while i work to get my small business going.

I would look into any regulations that might require you to have a fence around the pool as well :)Hope that helps.

If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.

I remember with my SFRs in the beginning, it seemed liked anytime I spoke to my PM there was an issue that required more money out of pocket.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Quote from @Kmsuea Abdei: This used to be a state requirement, some states required it, and some brokerages required it.

@Mindy Jensen I’m a GC and if you’re buying materials we don’t require payment up front.

@Puneet Mahi what about the required real estate brokers license to manage properties you do NOT own?

Since Covid this is just the way of the world with STR/MTRs, it can require more cleaning and cause damage but if you want to complete it is a necessity.