You must make this distinction.

(whether that be other elements of the business or another business or job entirely...doesn't matter).This is an important distinction.

Thankfully, the distinct seasons, the nice summers, and the rest of the factors do indeed make it a great place to live. 

Hello Daniel,There are two distinct FHA programs one for Single Family Homes (homes up to 4 units) and Multifamily (5+ units).

Each neighborhood has it's own distinctive style of home, price point, etc. 

Many rural areas allow mobile homes on property to be lived in, but they specifically ban RVs from full time rental residence, which is an odd distinction in my opinion since many mobile homes are still registered as vehicles. 

Hey Josh,I've had this question come up a few times and the answer always netted out in two distinct categories for me:ROI:  Given your market, are you going to be able to raise rents enough to justify this expense?  

All options come with their own distinct set of pros and cons.

I've only invested in the Madison market and agree with everyone on here, the MLS market is insanely overpriced for investors.Where I have seen a large distinction is between the ROI from 2-4 units properties and 8+ unit properties.

However I distinctly recall Don R Campbell (one prolific Canadian RE author I’ve read almost every book from) stating that joint venture deals almost never fall into securities domain so long as you don’t do certain things or agree to certain things.I’m not sure I see eye to eye with you on a joint venture deal crossing the threshold into securities.