Once approved you get your letter of approval and can either find a HUD style home or a home that needs specific repairs. 

A mix of 70s and 80s styles. 

The style home ime looking for is pretty rare in the Poconos but there are a few and they do very well, that's why ime considering building. 

By multi-family, I'm referring more to duplexes, triplexes and fourplexes, as opposed to larger apartment-style propertiesMy understanding is that 8-12% cash on cash is considered standard or good, but is this more for SF or MF, or does it include both?

I secretly miss the days of notebook style planners, but I also really enjoy technology and keeping things simple with electronics/apps.

For example, an enormous Michelin star chef’s kitchen does not belong in a quaint, Victorian-era Arts and Crafts style home.

Talk with an insurance agent beforehand and give them an idea of what you are looking for (price range, style, age, etc) and they should be able to give you a bit of a range (~$50-75/mo) although the final expense will be dependent on what you buy.3) For sure make sure you stock a bit aside for any maintenance issues that come up (water heater, plumbing issue, etc).

.- I agree with other comments, investing in OZ is very risky, most of the offering is an opportunistic-style investment (compared to core/value add in 1031 DST), so there's quite a bit risk of losing money.

Sale price will be a little below market value with a Home Style loan (4% down), rehabbing ($80K-$100K) mom's home into a place my family and I can live in (better schools, bigger yard, and other benefits) comfortably with a growing family.We plan to renovate the attic of our current home and make some cosmetic repairs ($60,000 HELOC) that take it from a 3 berooom 1+ half bath to a 6 bedroom 1+half bath with a separate 1 bedroom apartment that has a livingroom and kitchen (apartment is already renovated).We then plan to rent the Air BnB for 2 years and re-finance for equity and leverage to buy more rentals.

  $50 is chump change to spend on verifying your property will not be destroyed.